Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 8 years ago,

User Stats

13
Posts
0
Votes
Nicholas Sanchez
  • Investor
  • Chicago, IL
0
Votes |
13
Posts

Water leak in garden unit

Nicholas Sanchez
  • Investor
  • Chicago, IL
Posted
Hi everyone, I am currently looking to purchase a condo which is a garden/basement unit with strong cash flow potential as a rental property. I was going to submit an offer but received a disclosure report stating "a trickle of water occurs in the bathroom during heavy rain events." When we followed up with the selling agent, she said there is a tiny trickle that comes through bathroom maybe once a year and that the owner installed a sump pump in the last year. She went on to say it's virtually nothing but the owner wanted to be up front about it. I was looking for any advice on this matter. I wasn't sure if they would disclose just to make sure they are covered if they sell it and then something floods? Or if this would seem legitimate? And if I were to continue with purchase, would any serious problems come up in an inspection maybe? Thanks for any help!

Loading replies...