Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 3 years ago,

User Stats

36
Posts
20
Votes
Ekta Patel
  • Rental Property Investor
  • Macon, GA
20
Votes |
36
Posts

Ref flag: No water on for inspection

Ekta Patel
  • Rental Property Investor
  • Macon, GA
Posted

I was under contract for a vacant house, previous owner who was also investor started renovation and passed away due to Covid. During inspection, we found foundation issue on concrete slab house, water turned off so can’t check for any leak, can’t find sewer clean out, can’t check if toilets are draining properly. Glue down vinyl floor popped out so many places. After all the work, I don’t see this could be good deal.

Foundation repair 6 k

Electrical work 2 k

Cash purchase price 95k

Unknown cost of sewer and plumbing ?

ARV around 150k

All new Samsung appliances, recently painted, new roof, new HVAC

House build in 1956

Good Neighbourhood where I could find

travel nurses

Anyone has idea what could have done to save this deal?

Loading replies...