Hurdles with my first deal and where to go from here?

[Katie Cool]

My twin brother and I found an off market property via direct mail that we would like to Househack. It’s currently a 3b2b with an extra room that we can easily turn into a fourth bedroom. We have not signed anything.

The issue is with the garage. It burnt down a few years ago and the seller is having issues with the rebuild. The city has already signed off on her plans and permit but the contractor we set up for her, and already broke ground, has disappeared.

We first met her in May and still believe in the property. But her lack of effort to find a contractor and now the problem with the current contractor has been discouraging. I’m a co-signer on the loan and need to close escrow by the end of the year.

Do we buy the property, include her insurance money in the purchase, and handle the garage after?

Or do we continue with her to find a new contractor and try to get this all done in the next couple months?

Thanks