Buying first turnkey property - inspection report advice.

[Gorden Lopes]

Hi all!

I am a beginner investor trying to buy my first rental property investment and I am currently in negotiation with a turnkey provider to buy a 3bed-2bath SFR. I just got the inspection report for the house and it says that the roof needs to replaced or repaired (see attached pic). The provider is not willing to replace the roof as he says that there is more than 5 years of life still left in the roof based on their contractors recommendation. Provider also mentions that this is a standard stuff use to cover their (inspectors) liability when they don't fully inspect an item.

I am trying to understand how bad the roof really is and planning to get a independent roof contractor to check on the roof. 

In the mean while I wanted to leverage the BP community power to get more insights on the below points

1. How bad does the pictures look. Is the inspector right in saying that the roof is bad or the provider is right that its just needs minor repair.

2. What other options do I have? I do have the option of walking away from this deal but before I do that I wanted to make sure I am rejecting this for a valid reason.

Thank you so much to all BP members for your help and support!

[Corby Goade]

I can't really tell from the pictures, but that doesn't change the issue. If your roof is near the end of it's useful life, you might be able to spend a few hundred on repairs and get a few years out of it, but you'll need to budget for a new roof sooner than later, so work that in to your budget and see if the numbers still work. I'd call a few roofers in the area off of Craigslist and ask them, in general, what they'd charge per square for a basic, asphalt shingle roof. You could come up with an average and use that number in your budget. Good luck!