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How much would you put in a VA Repo?
Hello,
I've recently put in an offer for a VA Repo that's $14k above the asking price give or take using a VA loan. It was priced at $61k taking final offers today and I put in $75k competing with around 10 p...
Mike Dorneman
Purchasing a “winterized” foreclosure
Just went under contact on my 3rd deal. This happens to be a bank owned property with no running water or electrical. I’ve scheduled my inspector to do his normal routine and I’ve also hired a plumber to do a pressure...
Matt Marqua
HUD Appraiser- Mold Disclosure
Hi,I'm interested in doing a flip on a HUD ranch home where the HUD appraiser wrote in the Listing Disclosures and Repairs Statement the following, "Other - Mold-like substance inspection is recommended." You could s...
Joe Fioramonti
Mold issue - thoughts?
First time home buyer that found a house, but the only issue is the possible mold/water issue in the basement. The home is definitely a fixer upper and the plan is to put about 15k into renovations. Just based on th...
George P.
Stain on the ceiling
I completed the rental inspection yesterday and the tenant pointed at the stain on the ceiling (painted Sheetrock) in the bedroom on the second floor (2-story TH). It certainly wasn't there a year ago, but the tenant ...
Ray Fleener
First purchase - an old house? 1925
First house I toured was built in 1925. It is a Craftsman Bungalow. I personally thought it would need a gut job (quite a bit of work overall). Hypothetically, if a first time home buyer were to purchase a gut job hou...
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Renters insurance company denied claim
The property has a unfinished basement made of 100 year old concrete. In Vancouver WA you may know or suspect that we get a fair amount of rain. Well she left all the windows closed so the added moisture from the rain...
Jeffrey A Hayes
AC window unit a problem?
Hi BP. I’m looking at several great duplexes and one thing that seems to be a sure thing. They all have window units. I know it’s probably the only thing that makes sense from a tenant billing perspective. Look forw...
Matt R.
How much to raise ceiling - blow out to rafters?
I have a single story house with low ceilings/attic space. I was curious for ball park cost on 13 x17 living room ceiling blow out... It does have one ac vent that would goto industrial look. Any guestimates? Vanil...
John Chapman
Trafficmaster Allure Ultra Wood Vinyl Planks
I've know we've previously discussed the pros and cons of vinyl wood plank flooring in other topics, as well as Trafficmaster Allure, but I've recently seen this new product at Home Depot Called Trafficmaster Allure U...