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Updated about 5 years ago on .

User Stats

15
Posts
2
Votes
Brock Best
  • Rental Property Investor
  • Nebraska
2
Votes |
15
Posts

Purchasing a rental investment with old roof

Brock Best
  • Rental Property Investor
  • Nebraska
Posted

Looking to purchase a single family home as a rental. House is in excellent condition other than the roof. It’s old and has previously had a roof leak but has been fixed and not leaking anymore. I will buy the home with a conventional loan with 20% down. Is the seller obligated to replace the roof? Can I purchase the house if the roof isn’t insurable and replace the roof at a later date?