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Updated over 1 year ago, 07/15/2023
Need advice on a property!
Hello! I’m new to real estate investing and decided that it would be a good idea to buy a property I could house hack! I bought this property with no agent to save money and also didn’t hire an inspector ( which was a very terrible mistake). once I closed on the property I had the intentions of going in putting up some paint, installing new flooring and putting the place up for rent! When I got deeper into my rehab I realized there was minor plumbing issues so I called a plumber to check it out. These issues ended up not being minor as there was a cracked main sewer line and also lots of issues with the plumbing. This ended up not being good as the repairs were around 20-30k to fix! I don’t have funds to fix the property to that extent! I’m on here to figure out the best way for getting rid of this property so I can reset and educate myself more before buying my next property! Thanks