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Updated over 6 years ago on . Most recent reply

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3
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Daniel Nguyen
  • Lincoln, NE
0
Votes |
3
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Foundation has issues, should I still put an offer in?

Daniel Nguyen
  • Lincoln, NE
Posted

Triplex is being offered at 115,000 but it has foundation issues, and the previous transaction got cancelled after the inspection reports. However, after analyzing data it provides excellent cash flow of about 14.5% COCROY and long-term tenants albeit under rent. I am new into investing and was wondering if I should take the risk and invest into it granted I do not know much about foundations of a home. 

Most Popular Reply

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595
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344
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Carson Wilcox
  • Davis, CA
344
Votes |
595
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Carson Wilcox
  • Davis, CA
Replied

foundations SCARE people... its an emotional response.  They also assume the repair is mega $$$.  Get some real numbers, dont tell anyone, then underbid the S out of it.

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