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Updated almost 6 years ago,

User Stats

6
Posts
0
Votes
Tiffany M.
  • Flipper/Rehabber
  • Olive Branch, MS
0
Votes |
6
Posts

Water damage deal breaker or no?

Tiffany M.
  • Flipper/Rehabber
  • Olive Branch, MS
Posted

I’ve found an ideal 3bed/2bath home in the Memphis area that I would like to purchase and renovate. I’ve looked at the comps, rental estimates, neighborhood demographics and everything so far looks good! My only concern was that there are several moderate size holes in the roof.. Water was puddling on the living room floor when I viewed it.. I didn’t see any water damage to the walls. Could this be an easy fix with a new roof and carpeting, or should I reconsider??? I’m definitely thinking about coming in 10k lower than asking price to possibly help cover any unknown costs!

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