So I just made my first BRRRR purchase last week in the DFW market. I actually started back in July and moved finances to be ready for a deal. After months of waiting, i found a property from a wholesaler that met the 1% rule, so i made an offer in the auction and won. Purchasing from the wholesaler was a competitive bid process and only allowed 1 hour for property inspection and submitting bids, and I won by a mere $700 in a competitive sealed bid- so i felt good about the purchase- UNTIL TODAY... and now i am getting worried. During the initial inspection, i simply didn't realize the property has pretty significant termite damage. In fact, 5 of the 8 rooms show damage and most of it is between 6ft and the ceiling. Now i'm trying to recover.
Background told, here's where i am asking for help from the community. Knowing i plan to sell the property in 12-24 months to capture the equity, do i pay more for a treatment from a national company like an Orkin or Terminix that has a transferrable warranty? Or do i go with ACME pest service that is likely going to save a few hundreds dollars and may or may not offer a warranty.
I'm obviously going to repair all visible termite damage as well as anything compromising structural integrity - but i want to minimize the financial penalty when sell of disclosing the house has been treated for termites. Looking for more experienced opinions please.
