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All Forum Posts by: Tim Siocheng

Tim Siocheng has started 8 posts and replied 43 times.

Post: Rental property with end of life roofing

Tim SiochengPosted
  • Posts 43
  • Votes 15
@Jim K. I sent you a “connect” request that way i can PM you. I’m not ready to make this public but I’m interested in learning the ropes of real estate. I highly appreciate your help

Post: Rental property with end of life roofing

Tim SiochengPosted
  • Posts 43
  • Votes 15
@Jim K. Thanks jim, i don’t have a team nor any contact out there. This is an out of state buy. Thank you for the insight. @andrew: the numbers don’t workout as well anymore.

Post: Rental property with end of life roofing

Tim SiochengPosted
  • Posts 43
  • Votes 15
I’m a beginner in real estate investing. I am focused on single family home rental. The house that i am looking into buying is in centerpoint alabama and purchase price at $100k. The major concern that i am having are: The roof is at end of life. floor joist needs to be install due to flooring bad deflection There are broken cement at the patio / deck Possible water leak to the basement walls. i just don’t want to be the person who ends up with the expenses the previous owner should be taking care of. Can you give an advice on how to deal with this property? Or should i just take a pass and move on? I highly appreciate you’re feedback. Thank you