Buying First Flip With Structural Issues

[Alyssa ODell]

Hi BP! 

We’re looking at a deal, the listed disclosure says there’s structural issues and after speaking to the neighbor they said that the “main support beam” was cut during a previous renovation. 

 We haven’t had an exact quote for the repair cost yet-our contractor is walking though next week- but my question is: if we do purchase this house and repair the structural issues what do we have to disclose on the resale and would having structural issues previously, even though it’s been fixed, affect the resale value negatively? We’ve run the numbers and think even worst case scenerio with the house we could turn a significant profit; however, our realtor is advising us to walk. He’s extremely knowledgeable with the area and comps but has limited work with investors so we want to listen to the numbers in addition to realtor advice. What are your thoughts? 

Thanks! 

Alyssa