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Updated about 5 years ago on . Most recent reply

User Stats

12
Posts
1
Votes
Kevin Patrick
  • Texas
1
Votes |
12
Posts

Buying an investment property from Homevestors

Kevin Patrick
  • Texas
Posted

Looking to purchase our third investment property. We rent to our local community college students, currently with seven on a 'waiting list' to get into one of our properties.  

A flip came up for sale.  Good price, if the rehab work was good.  It doesn't look like any work on that property was permitted, based on public records online. I can go in person to city hall on Monday or Tuesday.  Have you PURCHASED a post-flip Homevestors property?  This is a 1930s shotgun house; 2/1 on one side, open living room/kitchen on the other; good location to the college.  New carpet in bedrooms, new cabinets and stove, new bathroom.  But peel-and-stick tile in the kitchen? How much electrical and gas work was done without a permit, and can I trust it?  That's my major concern - safety for my renters.

Any thoughts on this?

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