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.
Anchorage Real Estate Forum
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

4
Posts
2
Votes
Tico Sellers
2
Votes |
4
Posts

Anchorage 4-plex inspection findings

Tico Sellers
Posted

Hey all!  I wanted to ask for your thoughts on critical items to scrutinize on inspection reports.  I am working on entering the Mountain View 4-plex market.  I know many would steer clear of this neighborhood.  However, I am not as concerned with crime or the quality of tenants (to a degree) at this time, as I am with ensuring the property is up to code and isn't going to land me in some kind of hot water with the municipality (particularly as the area transitions through the Target Neighborhood Plan).

Just received the report back on a property I am pursuing, and would like to know potential shortfalls of some of these items that may or may not be a big deal.  1980s era build with the following items of interest:

- Lacking 1A10-BC extinguishers, water heaters lacking drip tubes and seismic straps, windows blocked by stored items preventing egress, common area doors not self-closing or fire rated, cleaning/sealing water staining in various areas, other key areas with wood rot/staining as viewed from crawl space, roof missing some shingles (age unknown), birds in attic (missing some grates), vapor barrier to thin/missing in crawl space, exterior damp proofing damaged.  Just to name a few items (The list is much, much longer lol).


Also, after engaging on a few properties over the past month or so, obtaining information from selling teams has been like pulling teeth... Not sure if that's just the nature of the multi-family realm or the overall dynamic of the Anchorage market right now.  Under contract at the moment and cannot obtain any info on age of roof or boiler, etc.  Currently planning to bring out a roofer, and a couple other contractors for further assessment.

I would greatly appreciate any insight on whether these are fairly normal items or potential for bigger problems down the road.  Or any general recommendations on other experts to bring in to further assess the property.


Thank you in advance for your time!!

Loading replies...