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Updated over 6 years ago,
- Rental Property Investor
- Oakland, CA
- 641
- Votes |
- 341
- Posts
Would You Buy a Property With a Pool...of Standing Water??
Hello BiggerPockets!
Got a question for my peeps. So, I have a duplex under contract right now. Great neighborhood, recently rehabbed, happy with the numbers on paper....but, the inspection came back today with a little surprise.
There's standing water in the crawlspace. Now, we're not talking an 18 foot deep high dive pool down there...it might be 1" - 2" deep (but, I'm still trying to decipher the photo from my inspector and get a hold of him).
It also (oddly) looks to be on top of a sheet of plastic. Anyone know what that's all about???
So, with this limited information, what are your thoughts?
1. Ask the seller to evaluate the issue and get a quote to find/fix the issue?
2. Ask the seller for a reduction in sale price? But, how much?
3. Pay a contractor to get out there, evaluate it, and provide a quote?
4. Run away!
FYI - I invest out of state and this property is 2,000+ miles away from me, so I can't just pop down there. I've got a few more days in my inspection period left and have the option of extending it another 10 days if needed.
Thanks everyone! I appreciate any feedback you have!
-Tyler