Quote from @Devan Dorzok: $60k in repairs?

Her grandfather has a home (in Nassau county NY) that needs serious updating and some significant repairs.

They didnt refi, then tried to sell because they found repairs they apparently didn’t know about.

My dad lives in the area where I want to buy and is a contractor, but maybe with the time my husband and I have personally, we would consider a smaller, more cosmetic repair on a house rather than jumping into our first big rehab.

So far sticking to timelines and more repairs then we hoped for have come up.

Do you have money to pour into repairs or upgrades?

Their under management cost me two events with VERY costly repairs and they did not stand behind their services.

Break it down:-if the place wasn't ready for an inspection and you were told it was, then rather than ask them to pay for a second inspection...ask for the costs of all of the repairs.

We've been in communication about getting everything repaired until they found out the contractor said it would take approximately 4 to 6 weeks to fix the spots of drywall that have been removed and to repaint, etc, and now their responses to my texts are less and less.

Partner 1 brings in deals and manages the business Partner 2 brings repair and renovation skills Partner 3 lives out of the area and brings capital What is a fair way to structure/put a value on the partners finding the deals and managing the business.