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Updated over 9 years ago,

User Stats

14
Posts
3
Votes
Ashok S.
  • Investor
  • Cupertino, CA
3
Votes |
14
Posts

Looking to get advice on possible remote rehab

Ashok S.
  • Investor
  • Cupertino, CA
Posted

Hello All

Looking to get your inputs, suggestions on possibility of this remote rehab opportunity.

The house in question is 3 Bed, 2 Bath around 1600 sq ft. This is probate sale and price of house has dropped from 140k to 130k over the time (been on market for 100+ days). 

I had the realtor check out property and he has sent me photos - apart from general rehab needs, one more concerning is of Wood Ants at two places. As shown in pictures here, the backyard door needs to be replaced with trim and also some damage in kitchen area.

Any advice/suggestion on going ahead with this deal? The houses in nearby area are being sold for around 150k+, so it looks like its around 20-30k below market due to probate sale and also this kind of issues.

Note: I am planning to go all cash (as recommended by realtor) as this is probate sale.

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