I have bought properties that needed roof and sometimes we would need to get on the roof to tell if there was one or two layers of shingles, but we always new how many layers before we started the job.You also said "they looked in the attic and didn't see any need for redecking" It would be blatantly clear from looking in the attic that there was more than one layer of shingles (look at the number of roofing nails sticking through the decking).As for uncovering bad roof decking during the tear off process, sometimes you just don't know until you tear off the shingles, other times its obvious from looking in the attic or walking on the roof.Sounds like this company has taken you for a ride.

Survey Uncovers Patterns and Trends Among Homebuyers

Originally posted by Account Closed: @Will Barnard it was a rehab flipper he was located out of state he sent a contractor over to check out the repairs but the foundation work was 10,000 dollars over my estimate basically the same with the first deal also If additional expenses were uncovered during your due diligence that were not easily identified upon initial walk through, you should have had the opportunity to go back to the seller to renegotiate.

Frankly, nothing is cheap around here unless you uncover the deals which is what I'm starting to attempt to do for several different purposes.Actually, the angle you come from is one I have thought about a lot.

It seems this could be put to good use uncovering properties that would be good candidates to rehab and flip.* I have math and analytical skills.

Always some uncertainties in their mind when there is changes in management/ownership- To learn about the tenants ahead of time and set plan of action after the close (ie, to keep or to kick them out :-))- To learn about the property that inspection might not uncover ...The first day of the close, I knock at the doors (and/or call first) to introduce myself, with the following:- Walk thru the property with tenant and note down inputs and existing issues- A nicely prepared folder containing: + A simple letter stating change of ownership with my contact info + The existing lease agreement I got from seller + A full sheet of sticker for my mailing address (PO Box).

They came from uncovering distressed situations that needed solutions.

If they are left behind by a tenant (and are in good condition), I'll leave them up, but otherwise the windows are left uncovered for the exact reasons you've already stated.

Downsides are: they park on the quiet street uncovered.

WorthQuiet, older neighborhood with lots of rentalsAsking price $48K, was marketed as a triplexI offered $30K cashDOM 7They countered $40K cash and a short closing date(10 days)I was able to do my own inspectionsDiscovered 4 kitchens and 4 bathrooms.Needs trees trimmed, roof, minor interior repairs and cleanup.Should be worth $80K-$100K when finishedI uncovered a city lien against property for grass cutting(they had to pay for)During title work a federal lien was uncovered(they had to pay for)We closed on the last possible day at 4:00pmObservations:I used a buyers agent to represent myself.