Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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 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 about 5 years ago on . Most recent reply

User Stats

71
Posts
29
Votes
Kathryn Schauer
  • Investor
  • Connecticut
29
Votes |
71
Posts

Thoughts on an Inspection Report?

Kathryn Schauer
  • Investor
  • Connecticut
Posted

These are the main areas of concern the inspector found today on a SFH I'm looking at in Indianapolis. The structural issues are really concerning to me, as well as the moisture in the basement.

What is reasonable to expect from the seller?  The seller is a turnkey company, not an individual. 

Would these issues be enough to move on and not purchase for you?  

Most Popular Reply

User Stats

28,084
Posts
41,091
Votes
Nathan Gesner
  • Real Estate Broker
  • Cody, WY
41,091
Votes |
28,084
Posts
Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied

@Kathryn Schauer it's hard to answer the question. Are you paying market value for it or are you paying below market? I suspect it's market value since the company claims to be turn-key, which means you should negotiate for all these repairs or walk away.

Personally, if someone offers me a "turn-key" property and I find maintenance issues like this, I have to question their definition of "turn-key" and their integrity as a company. I would walk away.

  • Nathan Gesner
business profile image
The DIY Landlord Book
4.7 stars
165 Reviews

Loading replies...