All Forum Posts by: Kathryn Schauer

So just to update on this, the company has offered to make the necessary repairs.  However when I pushed back on why these weren't done during the rehab they told me I have unreasonable expectations of turnkey, and that I should never buy turnkey.  

@Mike D'Arrigo that is my concern as well.  The inspector said the area has had a lot of rain lately, and so basically every basement of this age of house would have some moisture.  And that many homes he sees right now have standing water due to the rain recently.  He said the typical method in the 1950s was to use tar on the outside of the blocks to seal them.  And by this point the tar has dried and cracked, letting water in.  The interior sealants don't do much of anything so the only long term remedy would be to dig out and re-seal, which of course would cost a lot and neither the turnkey company nor I would be willing to do that.

The "turnkey" company has said they will extend the gutters away from the home and bring in some dirt to help slope the ground away from the house. 

While this house may be very good for the area, for the age, for the price, I'm not sure it's the right investment for me.  I am buying out of state, so I can buy anywhere.  

I spoke to the inspector, in his opinion this rental is a very good one, for the age of the property, for the east side of Indianapolis, for the cleanliness and demeanor of the tenants, and just for a rental at all.  

The company has offered to repair the joist, the stoop, etc to address the items on the report.  

So now I have to decide if I take it or keep looking...

Thanks @Chris Clothier.  I agree, I went turnkey for the ease of it and not to manage repairs from out of state.  I will insist these are all addressed, or will have to walk away and keep looking.  

@Nathan Gesner the price is not discounted, it is market value.  

At this point I share the report w the turnkey company and state they need to do the repairs?

Or I take on the repairs myself in exchange for a reduction in price.  Correct?

I’m investing from out of state, which is why turnkey was appealing to me in the first place. 

Thanks @Kenneth Garrett for your response.  I agree, this company def didn’t do a full rehab.

These are the main areas of concern the inspector found today on a SFH I'm looking at in Indianapolis. The structural issues are really concerning to me, as well as the moisture in the basement.

What is reasonable to expect from the seller?  The seller is a turnkey company, not an individual. 

Would these issues be enough to move on and not purchase for you?  

Anyone have past experience working with Agents Invest?  https://agentsinvest.com/