All Forum Posts by: Nathaniel Molnar

@Landon Bleau we are using our HELOC but the guy is basically making this crap up because he doesn't want to sell. He stated there are 27k total worth of repairs aside from all other cosmetic stuff. He's just being the most bizarre and difficult seller in the history of humanity.

Please help! My wife and I are buying out first investment property. Seller accepted our offer 3 weeks ago but only let us in for a 2 hour windows during our 10 Day inspection period. After inspections he informed our agent that there might be lead based paint, there is a foundation issue that costs 20k to fix, there is thousands of dollars for the water bill unpaid, the house has been vandalized with about 7k worth of damage, along with saying there is a bunch of water coming into the basement. He has filing a police report for when the house was vandalized and needs to postpone closing (after stating he was backing out of the deal) due to insurance on the house but stating they are not fixing any of the damage. We have a demand letter going to the seller from our layer but what the heck else do we do in this situation?! What if they don’t close? What if they don’t fix the vandalized items etc? ANY insight would be helpful.

That is good to know. I appreciate the advice! 

Hey everyone. My wife and I are brand new to REI and have secured funding for our first flip via HELOC. We are looking on the MLS, driving for dollars, and getting on buyers lists. My rookie question: how can you judge whether or not a house has major (i.e. very expensive) issues just by looking at pictures? i.e. structure and other big ticket items. I guess I am just terrified of buying a house and losing a lot of money and ultimately failing at this business. Some contractor rates seam to be out of this world for small things as well. My wife is more motivated to get our first flip going than I am and I feel like I am holding us back due to (my, not her) fear of the unknown. Any help/advice/motivation would be greatly appreciated. Thank you.