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Updated about 3 years ago on . Most recent reply

User Stats

6
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1
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Manuel De La Cruz
  • Rental Property Investor
  • DMV
1
Votes |
6
Posts

Rehab Purchase (VA Loan) First Time Home Buyer/Investor

Manuel De La Cruz
  • Rental Property Investor
  • DMV
Posted

New investor here. First actual post. I am under contract on a property SFH with an "In law" suite (primary residence with VA Loan). The property underwent a significant rehab over the past 2 years. My understanding is that the owner had 2 capital partners to pay for the rehab and now they're selling. I paid for an inspection which did not yield significant issues that are quick fixes or ones that the sellers agreed to repair, good right? One interesting find during the inspection of the "in law" suite was that no smoke detectors were installed in the furnished basement.

That being said, this has me concerned about the potential quality of work that went into the rehab, and whether or not licensed contractors/personnel did the work?

Any other red flags to avoid with purchasing rehabbed properties? 

Note: VA Appraisal still pending.

Any advice on what else I could look into or what would be feasible to request from the seller about the total rehab they conducted?

Thanks in advance! (Zillow Link)

  • Manuel De La Cruz
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