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Updated almost 4 years ago,

User Stats

46
Posts
11
Votes
Anthony Espinal
  • Real Estate Agent
  • Yonkers, NY
11
Votes |
46
Posts

Working around VA Loan questions

Anthony Espinal
  • Real Estate Agent
  • Yonkers, NY
Posted

Hi, 
I'm currently in the process of finding a multi fam using a VA loan. I found a property that within the budget but it needs work. Unfortunately it needs work the the point where it will fail the VA inspection.

Most obvious issue is one bathroom is gutted. Looks like toilet, vanity and tile around the shower body were ripped out. It’s rough. Aside from that I’m worried about mold and wood rot. 

I’m trying to think of a way I can workout a deal with the seller where the house can be brought up to standard to pass but don’t want to be out any money if the deal falls apart. 

Does anyone have any ideas or has done something like this before?