Skip to content
×
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
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
General Landlording & Rental Properties
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 6 years ago on . Most recent reply

User Stats

19
Posts
4
Votes
Toi Perry
  • Rental Property Investor
  • Atlanta, GA
4
Votes |
19
Posts

Inspection results - Should I walk?

Toi Perry
  • Rental Property Investor
  • Atlanta, GA
Posted

I have just received my inspection back and just like I figured, the roof needs to be replaced and electrical work (multiple grounded conductors connected to a single terminal in circuit breaker in all 3 units) among several other things. I have 2 days until my due diligence period is up. I am currently asking to have due diligence extended another week so that a contractor can come in and give me estimates, which I will use to go down on my offer price. I also plan to ask the seller to pay for a home owners waranty for one year. If the seller does not allow me to extend due diligence should I walk? This is my first property and I’m worried that I may be putting too much money into a deal that may not even go through (I.e. inspection $690 + contractor $?). Any advice?

https://www.biggerpockets.com/forums/88/topics/631650-first-deal-under-contract?highlight_post=3757024&page=1#p3757024

Loading replies...