Inspection issues on flipped home

[Christina L.]

My husband and I are under contract on a recently flipped home. It’s our first LTR, and I’ve never bought a property that wasn’t brand new construction, so when we got the inspection report we were concerned. The home has decay on the corner trim on the roof, shingles are near the end of their service life, leak in furnace, and some pretty bad electrical issues. The house was built in 1970. I know the point of inspections is to find stuff, and I’m sure flips have all kinds of issues, but are these items typically deal breakers?

[JD Martin]

None of those would be deal breakers for me unless I was already maxed out on my offer and assumed those problems didn't exist from my own inspection. Of what you listed the electrical could be the biggest can of worms but a house built in 1970 shouldn't have terrible electrical issues - what are the issues?

Reading your post, it seems like this is a "turnkey" flipped house? If that is how it is being marketed I would be concerned, because a good flip will address all major systems issues before putting 5 cents on cosmetics. Cosmetic only flips with poor underlying systems is usually indicative of someone trying to make a quick buck and cutting corners everywhere.