Bought the house brand new in 15 with the intent to live but moved.

I mean I am an accidential builder.. having foreclosed on builders in the crash and having to finish the projects... so I have some very special education you only get when it happens to you and you have to figure it out.. was not pleasant. and it cost million or so.. but I got out.. and then I realized Hey since as the lender I am taking all the risk I mine as well just do this myself.so here we are about 150 plus new builds later and things are pretty good.Now to be fair my rock star in Charleston build a home last year then calls me and says OOPS house is 1 foot to low we have to raise it.. that's a brand new 700k home that has to be raised a foot.. cost 30k..

There's a couple of reasons, but the big ones are that most seem to be brand new with unrealistic expectations for what they're getting into or they're old-timers still looking for grand slams when singles and doubles are all the exist anymore.

Like, brand spankin baby new!!! 

For example, even if the carpets or flooring were brand new when they moved in, and they're now completely trashed, you've had more than a full lifetime out of them. 

If you are brand new, the highest leverage from a HML I can think of is 90% of both your purchase price and rehab. 

Both units also need brand new septic systems, which the seller will replace.My question is...should I wait the few months for the seller to take care of all of these issues and make sure that it is done right before I purchase, or should I offer him a low-ball cash offer to walk away and then get a HELOC on the property to purchase my next investment.

I would do that deal if I lived there and wanted a brand new unit to put into service..

We live on a dead end, in an up and coming city with lots of building going on, a brand new high school built and will be done some time this year, also is less than a mile away from us and close to in town but not too close.My neighbors house was sold this past Dec.

I too am brand new to the BP team, also in the south NJ area, clementon to be specific.