All Forum Posts by: Justin Chambers

Went to look at a property today...I'm working on purchasing my first. I got to the property before my agent showed up so I began to look over the outside. I got to the crawlspace, which just had a metal panel leaned up against it, and peaked inside. It was completely submerged in water (about 2-3 ft deep at the entrance of the crawlspace). Tennessee has gotten a significant amount of rain over the week but this seems to be a bigger issue. The inside of the house had a musky smell. I'll add some pictures, just let me know if you think this is something that a newbie could take on or if anyone should even bother. Thanks!

@William Isbell

Hey William! I’m a newbie from Murfreesboro as well. I’m looking to pick up my first single family soon. Good luck on your future endeavors!

While browsing for properties I have run across a few houses that seem like they may be a deal. After further investigation the properties were bought maybe 3-6 months prior for half of the current list price. I've seen this a few times and I'm just wondering what gives? Are the sales histories on MLS websites not reliable? Are investors picking up properties for cheap and immediately turning it around for a profit without any rehab? Did an investor buy and find a major fault? All the properties I've seen like this are still in need of rehab to be rent ready. I'm a newbie so maybe it's a dumb question but any insight would be great.

Thanks!

Any tips when it comes to buying a house that has been smoked in? Red flags? Unaccounted for expenses? Negotiation tips?

Thanks in advance.