All Forum Posts by: Alan Kahanu

@Brandon Turner please send me his contact info. I'm an out of state buy and hold investor building my Indianapolis portfolio and just closed my second property this year. These 2 were purchased under market value off the MLS and clean with no work required due to my hesitation of not being able to manage a rehab project, even if it's just cosmetic. With a solid referral from you, i can open my range to properties requiring minimal repairs. PM me his contact info. Looking forward to seeing you in Kailua, Hawaii next month!

Aloha @Brandon Turner. Glad to have you here in Kailua. Born and raised in Kailua and will be glad to meet up. Will be out of state the last week of April, but any other day I will make it. I'll bring the cigars!

@Brady Speers, i'm interested in this.  please send me details to [email protected].  Thanks,

Alan

Congratulations, a very inspiring and motivating deal worth to share.  

appreciate it @Truett Neathery. Due to the unknowns from not being able to inspect the crawl space, and a couple other issues the seller wouldn't agree to, I walked. 

@Jason Hirko good point and will take into consideration.

@Daria B. no documented rehab work was provided, but i will ask again.  Realtor commented that the seller is either too lazy to look, hiding something, or just doesn't care.  Over his past 1000 homes he worked on, every one had a crawl space access if one was to be found.  My thought now is to have seller provide access, rather than just 'attempt' to locate and open the access. 

@Daria B. sorry, I meant a purchase offer.  I requested concessions which we are still working on, which is where the seller want's to just show they'll make every attempt to locate the access without ripping out the floor in likely areas.

Hey BP,

Not sure if i'm posting this in the right place on BP but I must ask. I have a signed purchase agreement a local investor is selling on contract, a SFH which I plan for long term rental out of state. Upon completion of a professional inspection, it was noted that the inspector could not locate the crawlspace access in the house or from outside, in addition to several other non-major problems. I asked the Seller for concessions to repair items that by my estimate will cost $2-4k, and also let us know where the crawl space access is. He agreed to the repairs but said they also had no luck and couldn't locate the access. Seller came back wanting to change the language to say 'the seller will make every attempt to locate and open access to the crawl space.'

I have no idea what could be lurking down there and have a lot of hesitation proceeding with the purchase. House was built in 1910 and has had a couple renovations, the latest in the past few months to include flooring and carpeting. This could be an honest mistake of covering the crawl space access or an intentional deed for unsuspecting buyers.

Please share your experience, advice and recommendation.  WHAT WOULD YOU DO - Walk away or continue to purchase?

Mahalo!

thanks @Brandon Diaz.  I'll look into RamJack, but with tenants in place it may stir up the pot.

Hey BP,

Not sure if i'm posting this in the right place on BP but I must ask. I have a signed purchase agreement a local investor is selling on contract, a SFH which I plan for long term rental out of state. Upon completion of a professional inspection, it was noted that the inspector could not locate the crawlspace access in the house or from outside, in addition to several other non-major problems. I asked the Seller for concessions to repair items that by my estimate will cost $2-4k, and also let us know where the crawl space access is. He agreed to the repairs but said they also had no luck and couldn't locate the access. Seller came back wanting to change the language to say 'the seller will make every attempt to locate and open access to the crawl space.'

I have no idea what could be lurking down there and have a lot of hesitation proceeding with the purchase.  House was built in 1910 and has had a couple renovations, the latest in the past few months to include flooring and carpeting.  This could be an honest mistake of covering the crawl space access or an intentional deed for unsuspecting buyers.

Please share your experience, advice and recommendation?

Mahalo!