But you have to have the foundation to take the risks in real estate.Network, find successful investors in your area, offer free hard work and labor to them in exchange for learning their business.

buying a REO property, the property foundation was finished, however we checked with the city, the foundation permit was issue but have not final signed off by the city with the previous owner.What is the risk of buying this property for flip?

If water was standing for weeks, I might buy the lot and factor in debris removal from the foundation up.So, yes, I'd say you would have some marketing issues, your buyers could have some lending issues as well.

As for the home warranty, it does not cover many of the items such as water intrusion, foundation movement, rotted wood inside stucco.

You’ll have to develop your own perspective, but I feel that you have to establish the foundational basics before you go.

Roof, foundation, and HVAC appear to be okay.

(I have an experienced investor friend who overlooked the fact a house was missing a foundation.

Grant Shafer Real estate princiiples would probably be a good start to building a foundation.

Are there foundation problems?

The last one I built was a 3300 sq foot center hall colonial with 9' first floor ceilings, a wood burning fireplace, 2x6 exterior wall construction & R-19 in the walls, all low-e glass...it cost me $106K delivered & set, on a new 31'x52' foundation that cost $25K.