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Updated about 1 year ago,

User Stats

7
Posts
1
Votes
Jackie Sawyer
1
Votes |
7
Posts

Repairs before closing

Jackie Sawyer
Posted

Hello Biggerpockets Community! I am currently under contract to purchase a townhome with owner financing. There is no bank or HUD involved, I am dealing directly with the owner. There is a bit of work that will need to be done; new roof, cabinets, drywall repair and painting etc. and seller has requested a longer escrow period (2 months); . It is currently not occupied and looks like the last tenant pulled a midnight move out. I know there is risk involved, but I would really like to do some of the work during this escrow period. I'm pretty sure owner would agree its ok, but do you have any suggestions for me to help minimize my risk? My best chance to rent it before summer is the same week I'll be closing.

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