All Forum Posts by: Jeremy Jackson

@Dell Schlabach sweet!

@James Stevens have any foundation repair recommendations in the area?

@J Scott thanks for the info.  Never thought of fixing a foundation issue as "new and improved property" with a lifetime warranty.  I'm learning that foundation issues are popular  in this central Texas region.  

@George P. I'm trying to get a few people lined up to look at the property and get some advice and estimates. Depending on the quote to repair, I'll use that to negotiate. Bottom line, if I can get it for a deep discount, I'm interested. If not, VA can keep it.

@Seth Teel nice work.  It's great to see others pursuing properties with foundation issues.  Maybe I'm on to a niche here. Lol I've  noticed a handful of you from Texas also.  Maybe a trend in texas?

Still seeking some financing options here.

Way to get after it!

I looked at the house and possibly interested in it for a owner occupy.  It was built in 2004, slab foundation.  I couldn't find anything unlevel inside by feel or eyesight.  Floors seemed level, windows went up and down fine.  Doors seemed square.  There is crack in the ceiling running across the hallway.  Asking price is 165k.  It was under contract but fell through due to the foundation issue.  Comps in the neighborhood are selling for 185-190k.  I'm working on having someone look at it in the next few days. 

@Ryan Harthan 

Ryan, is that conventional FHA you're talking about or 203k?

What would be the best option for financing this as an owner occupy with little down?

My plan would be to fix, occupy for a yr or two and resell. 

I'm going to look at the property this afternoon.  I'll have more info shortly.  I was running in the other direction at first. 

Found a nice property in a nice area with foundation issues.  Anyone flipped a property with foundation issues?  I feel like it will be harder to unload and scare potential buyers away with this type of issue, even after repaired.

All very insightful info.  I'm interested in obtaining my license in order to have access to the mls and the properties.  With that being said, do I have to sign with a broker just to have access to the mls and properties?  The agent I'm using right now said the fees are pricey and staying current is an ongoing financial obligation.  I would imagine it would still be worth it as long as I'm closing deals.

Layed  a bathroom floor during the game!