Putting Makeup on a Pig

[Travis Glenn]

Good Morning BP, 

So yesterday I put in an offer for my very first investment property. It's a C class property that from my analysis would give a Cash ROI of about 20%. Needless to say I was pretty exited about it.

Last night, while I was out "celebrating", I happened to chance upon an real life inspector. Of course I showed him the property, and one of the first things he noticed was that the house had brand new vinyl siding...He then proceeded to speak 10 minutes about how vinyl siding is a bad thing and a lot of people use it to cover up issues with the house and that I could run into big problem down the road. This, in turn, scared the begeezuz out of me, so I went looking for answers, and since I've found a few articles in support of that claim. ie the forum post from Joel Owens below

Anyway, so my question is, what the heck do I do? One thing he also mentioned is that its not exactly easy to inspect whats going on under the vinyl siding. Have any of you had any bad experiences with Vinyl Siding? What steps do I need to take if my offer does get accepted? Should I pull my offer? Any advice would be extremely helpful. Thanks in advance. 

Travis

[Kevin Manz]

Remember you aren't getting 20% returns because there is no risk involved. Personally I wouldn't let it scare me too much. You just need to know what you're dealing with when you invest in those neighborhoods. As long as everything else checks out I would pull the trigger. Good luck.