All Forum Posts by: Mo Muigai

@John Morgan after being on the market for few months they beamed the entire basement apparently. I think it’s already been taken care of

@Sebastian Marroquin yeah I am one of those. I agree, I should go for it unless I find its not worth it in the end. I have a feeling it may be worth it because when I saw it nothing major caught my eye, though I am a rookie too

@Mike M. Was built in 1920s. They recently put beams on it as it would not sell well earlier

Potential SF property for $70k, rent would be $800-900. Upon reviewing paperwork, noted that the foundation is check to have issues and cracks on the wall. Should I even waste my time and money paying appraisals etc or just walk away?

@Theresa Harris

I expressed desire to obtain the property and got paperwork indicating there is foundation issue that has been reinforced with pillars in the basement. I’m thinking foundation issues are a big deal?

@Jerry Padilla thanks for sharing.

I have 1 SF property in small town that we purchased for $114k renting at $995/mo. Just found another SF property on same street on sale, owner agreed to $70k 3bd 2.5 bath. Would rent $859-900. To my analysis seems like a fair deal, but I’m just here second guessing my life about it! Other one rented right away so I am thinking it won’t sit long. On Zillow it’s 1000 E 1st street Fairmont MN. Any advice I’d HIGHLY appreciated. Am I missing something?

@Kase Knochenhauer

I may have not been clear. I meant I want to refinance and not be charged closing cost for it

@Hermanie Pierre who are refinancing with? Are you having to pay closing costs?

@Kase Knochenhauer

I thought there is a way to evade closing cost fees whether upfront or being rolled into the loan