All Forum Posts by: Jansen H.

I am currently in contract to buy a house on Long Island, NY. After our initial home inspection was done, we found baiting systems place all around the house, but the seller seems to have no recolection of who installed them and/or if they even have an active warranty/bond/service in place.

We had a termite inspection done last week and while there were no signs found of "active termites", we certainly want to make sure we have protection moving forward so will need to get a termite warranty/bond, which is likely in the range of $600-$1,000.

I am trying to determine if the buyer (me) should be responsible for that cost or if that should be the seller? I realize it's probably just part of the negotiation, but unfortunately, all of this was found out after signing the contract and I want to know if I should be pushing this cost back onto the seller.

Any guidance would be helpful. Thanks everyone.

Thanks everyone. Very helpful.

I am in contract for a mixed use building (2 resi units, 2 commercial units) on Long Island. Does anyone have any guidance as to how much a building inspection report should be? Along with receiving a general inspection, the guy I plan on using is a licensed engineer as well.

I am looking to make my first investment in real estate and am curious to know for those that have invested out-of-state or even upstate NY, how have you been able to manage your properties? Do you hire a third party? The goal is clearly to find a cash flowing deal, which seems very hard in the immediate LI area, but I've been told by many with experience that it's always better to go after something "in your backyard". I do subscribe to the fact that no one will ever care for you asset as much as you will.