Wholesaling
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 10 years ago,
Need an inspector to check out a condemned house
Hi BP,
I found a really cheap duplex that I negotiated down to $500, basically what is due in back taxes. The owner said a contractor told her that it is/should be condemned. She doesn't have the money to fix it or tear it down. The contractor she spoke with said that it needed to have the floor joists repaired.
My plan is to assign his sales agreement to an investor for 2K or so. I'd like to do some basic due diligence this weekend and drive out to the place to get some pictures and a licensed contractors remarks in regards to repairs needed. ARV looks to be around 45K.
Any ideas about how to find a contractor to ride along with me? Is this deal so cheap that I shouldn't even worry about conveying repair needs/ expenses to the end buyer??