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Updated about 5 years ago on . Most recent reply

User Stats

131
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91
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Jimmy Chao
  • Investor
  • Los Angeles, CA
91
Votes |
131
Posts

Will these issues stop you?

Jimmy Chao
  • Investor
  • Los Angeles, CA
Posted

Purchase price $119,000

Rent: $1,100

Seller disclosure includes:

1. They say small tree branch punctured a hole in the roof in 2018. Doesn't sound like a small branch at all..

2. There is active termite infestation that was treated by seller just few days ago

3. They stated there is a foundation issue, but didn't state the cause. A foundation company installed beams and did epoxy injected cracks couple years ago. Still some water leakage during storms.

I am looking to do minimal repairs and seems like there are a lot of problems with this one. Have anyone dealt with issues like these? What did you do?

Most Popular Reply

User Stats

1,557
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1,142
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Jacob Sampson
  • Investor
  • Topeka, KS
1,142
Votes |
1,557
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Jacob Sampson
  • Investor
  • Topeka, KS
Replied

Sorry I didn't type very well.  

$119k is too expensive for $1100/month in rent, even if it had no issues..

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