All Forum Posts by: Sean Lesser

 So the inspector was from a company in the local area that I was referred and had nothing to do with either lender or insurance company. 

So I just purchased a house with an older roof in Florida where a 4PT inspection is required. The 4PT verified the roof was acceptable with 5 years estimated life left. I had to go off the standard market to get insurance since the roof was showing signs of aging. I just purchased the home last week with insurance in place and now the insurance provider came back and said we would need a full roof replacement since the roof is unacceptable upon further inspection.

What options do I have since the inspector gave me no reason to worry in the 4pt inspection prior to closing.

So I just purchased a house with an older roof in Florida where a 4PT inspection is required. The 4PT verified the roof was acceptable with 5 years estimated life. I had to go off the standard market to get insurance since the roof was showing signs of aging. I just purchased the home last week and the insurance provider came back and said we would need a full roof replacement since the roof is unacceptable.

What options do I have since the inspector gave me no reason to worry in the 4pt inspection prior to closing.

I am hoping to get advice, I have a contract on a home and the inspection period ends today. We signed the contract to only need repairs on the 4PT inspection(if needed) and it came back with cloth wiring which is uninsurable. The seller said they are unwilling to fix it so I am hoping some experts here can weigh in on my situation. 

*Can the seller walk away because I won't increase the sale price to accommodate the fix even though it was my only stipulation in the contract?

Hoping to get advice, I found a home where the margins work but the house is currently rented at lower rate until July. What are the pitfalls and or things to pay attention to in these types of deals? House is in decent shape today.

I am wondering if anyone is familiar with rental prices for 2b/1ba in the Tampa/St Pete area? I have found a discrepancy between the different rental sites and was wondering if anyone had experience with rentals in these areas and whether Rentometer in FL is accurate? I can provide more information if needed but figured I'd check with you geniuses first:)

I am new to investing in Florida and was wondering how to get around the increase in both Interest rates for an investment property in Florida as well as any advice for reducing Insurance premiums in Florida for Investment/Second Homes? Is one better than the other?

I am going to do ST/LT rentals.

I had a few questions for the knowledgeable group here. As a small time investor of rentals in Florida I was wondering:

What could cause rental prices to decrease?

I have seen housing prices and rentals increase almost to prices above what is manageable for most in the area which brought the question to mind.

Mainly wondering how many other newer investors with less than 10 properties are doing things while they expand.

The SFHs I own are all occupied but I am purchasing a new home every few months. Would it be beneficial for me to vet and find my own tenants and save the cost; if so what resources are best when I do find a tenant post approved application?

I am a newer investor in the lower/middle end areas outside of St. Louis and have a few properties already renting but have found a good contractor who is looking to flip smaller homes in the area but doesn't have the capital to go on his own. We have discussed partnering on a buy/rehab/sell but would like to hear how some of the professionals here would structure a partnership agreement in this situation?