All Forum Posts by: MarieChele Porter

Hi all,

So I am in contract with a property that is a flipped property and was built in 1917. The home and pest inspection were done on Wednesday, and Friday the plumbing inspection was done. Only problem is that only about 1/3 of the crawl space was able to be inspected because there is a wall blocking entry and none of the attic was able to be inspected because there is a wall cutting it off as well. 

To make things worse the plumbing inspection on Friday was also unable to fully be completed because there is no space to put the camera down the plumbing pipes.

There were additions added to the property and the inspector figured this is when the walls were added a while ago not from the recent flip. The flip was done beautifully for cosmetic purposes but subpar with other more expensive finishes, for example electrical outlets are all 3 prong but actual electrical is not updated and grounded. There are many other things you can imagine but to save you from giving a full inspection report inbox me and I'll tell the deets.

This property will be a good cash flowing property and there is a in-law suite that I plan to house hack. I just know that some of the things that were not able to be inspected could end up costing a lot of money knowing that they were not updated and the house is almost 100 years old. The thing is they can either be in good shape or they can be in bad shape and we just don't know since we were unable to inspect, but if they were in bad shape depending on how bad they can kill the whole deal after purchase.

I just want more experienced opinions about what you would do in this situation and if you've ever encountered a situation like this?

Thank you in advanced,

MarieChele

@Andrew Frowiss

Yes for sure that is an important part of the plan! Thank you!

@Joe Splitrock

When we did the walk through it was off! I will make that request for inspections!

@Joe Splitrock

Yes cool definitely makes you wonder about the corners cut but this is great advice being that I didn't know scoping the drains was an extra service to request but definitely will do! Always grateful for my BP buds 😊

I think your probably right but yes an inspection is a must! Thanks for your input!!

@Andy Eakes

Very good point! This house was done really nice so as long as the inspection checks out it will be turn key, that is yet to be found out though... my real estate agent did mention though that sometimes sellers will provide credits for these issues but we are going to find out if this seller will work with us if anything comes up...

@Victor S.

Yes the numbers work on this property bc of the added in law suite and will make a great house hack... This is hard to find in my area... It was built in 1917 so I think that's where my mind went straight to lol we did see a small crack in the corner of the of the outside of the house and the front door was hung somewhat sideways where there was a gap at the bottom and tight at the top (not sure if this matters)... I guess this also made me think of it being a foundation issue...

@Andy Eakes

For sure, I even bought the book from BP by J. Scott it's time for a re-read lol the only thing is being in CA it almost seems like you have to times by 1.5-2 like EVERYTHING is really so much more expensive than other places !! I have to be careful listening to numbers on the BP podcast when I double check them I'm always like oh that's a lot higher here...

@Kris H.

So I may just have gone to the worst conclusion lol just a matter of getting the inspection to see I hope your guess is correct ☺️

 Awesome dude thanks for the info! I feel like that's the thing I just want to know as much as I can and how to get that information before buying... As long as I know what to expect and if the costs are close enough to still turn a profit we should be okay.