All Forum Posts by: Dell Schlabach

Try 123Flip.com if you don't get a response from the others.

That's where I got the one we are using with, some slight modifications. 

 Can you send a couple other pictures for perspective from a bit of a distancing.

I would call a couple foundation guys out for an opinion, to me it looks like the footer is sinking and needs some piers, we do these frequently, and owner gets a lifetime transferable warranty.

I was trying to provide the liink that I see @Jeff Rabinowitz provided. Didnt seem to work from the board of realtors site, although there is an apparant link on front page

http://www.com.ohio.gov/real/

You will find about as many opinions as posters. Here is an interview the powers that be...might find Iit helpful. 

We wholesale a couple houses a month, mostly we simultanius close, we assign contracts on occassion. The key I believe is the ability to close when you write a contract. If you mislead sellers and you dont have the ability to close if your buyer backs out, that is what will most likely get you into trouble, or marketing a property you dont own. 

Welcome, out of the lurker mode into the biggerpockets participant mode. 

If you are looking for place to connect with other aspiring invedtors, these guys in thexbelow link always seem to have something going on, may be worth checking out.  I have no affiliation. 

If you have rental questions there are more qualified people to ask. But I noticed some interest in rehabs, I can hold my own in that arena if you have questions  :-)

http://www.meetup.com/SmartStartRealEstate/

@Larisa Van Valkenburg 

If you are doing your testing with a hose, I would also get of the roof spray water on the roof,  and see if it's coming down behind the gutter, or if the down spout is clogged causing it to overflow and dumping water in the corner, and then not having a place to drain to properly.

In the early years we did many multi thousand dollar "fixes by the pros" that didn't work, that we fixed with proper testing and a bit of proper draining.

Key is to create a path on the outside to get water to drain away instead of soaking into the ground by the window. Water will always take the path of least resistance and flow to the lowest point. 

The concept is good, not so sure the deal is. 

What can you rent the house out for once you decide to move out? Will help to determine if it's a good investmentIf

A rental that doesn't cash flow is not a good investment unless you have a high level of certainty it will appreciate in value.

If it cash flows after you move out,  and you can get in for 2,000 and live there for free for a few years, if that's a lifestyle you want , may be a good deal. 

I helped my nephew get into a two unit, with an FHA loan, similar situation. One unit almost covers his payments and the other hecrents out two bedrooms to friends and more then covers his payments, so he lives there in essence for free. Got him out of his parents place, no rent and allows him to save money for a few years. And the property will have a nice cash flow when he moves out and rents both units.

Run the numbers, think it through, make a gooddecision, you will do well. 

In our area the health departmment will come out and do that. Have you checked with them?

They or your realtor should be able to provide you with a list of approved inspectors. 

Many home inspectors will do that as well. 

Type hard money lender in the search button at the top right, will give you a lot of options to peruse and a lot of commentary from the last 100 people who asked that question. 

Welcome to the site and...

Good luck