Updated over 5 years ago on . Most recent reply
House Contingent Upon Inspection. Questions for post inspection.
Hi Everyone!
I am a new investor and after reading "The Book On Rental Property Investing", "Buy, Rehab, Rent, Refinance, Repeat", "Long-Distance Real Estate Investing" and last but not least "The Book on Estimating Rehab Costs" I have a question for a part of the process I cannot entirely understand yet...
Say you were going to buy a house cash with the intent to rehab it and it's under contract, with an inspection contingency. Something major comes up on the inspection report such as a bowed or cracked foundation wall. Are you able to have a structural engineer give you a report on what it would take to fix and go get bids from qualified foundation repair companies prior to purchasing it? What do sellers tend to do in this situation ? Thank you all in advance for the great advice!