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Updated over 6 years ago,

User Stats

341
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641
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Tyler Jahnke#2 Ask About A Real Estate Company Contributor
  • Rental Property Investor
  • Oakland, CA
641
Votes |
341
Posts

Would You Buy a Property With a Pool...of Standing Water??

Tyler Jahnke#2 Ask About A Real Estate Company Contributor
  • Rental Property Investor
  • Oakland, CA
Posted

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

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