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Updated over 5 years ago,

User Stats

121
Posts
58
Votes
Kevin Wilson
  • Rental Property Investor
  • Oceanside, CA
58
Votes |
121
Posts

BRRR with structural damage

Kevin Wilson
  • Rental Property Investor
  • Oceanside, CA
Posted

Found a property that looked good cosmetically however contractor noted some structural concerns that could be pricey to remedy and had his own personal reservations about it as an investment property because of that. My question is if I could get an offer accepted lower than asking price to offset the repair costs would it be worth it assuming the math made sense for cashflow and ARV? Or is it too concerning and risks being a money pit?

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