All Forum Posts by: Ryan Hannas

Thanks for the input David.

Hi David,

This may be too late for you, but this is a common issue when laying tile over top of concrete if not done properly.  The concrete slab will move and shift over time - concrete actually expands and contracts with temperature while porcelain and ceramic tile do not.  If the tiles are bonded directly onto the concrete, you're going to get cracks in the tile eventually.

Ryan 

Hi Chris - thanks for the input, that helps.  I was waffling on it, my only thought was to connect the dots (i.e., repair cost is ~$90k and I'm offering much less than market value minus $90k) but if it doesn't help then I don't need to do it.

Again, appreciate the help!  

Hello all,

My wife and I are looking to make an offer on our first investment property.  It's bank owned and has been abandoned for ~1.5 years.  There are are more issues with the house than the bank is aware, so I've put together a list detailing all of the issues and their associated repair costs, along with pictures to support my position.  I am planning to send all of this to the bank as justification for my offer rather than just pitching a low number.  My question is whether or not I let the bank know I am planning to flip the property and then show them the full picture (closing costs, my desired profit, etc.) or just remain silent on that topic.  Any thoughts/input are greatly appreciated!

Ryan