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New out of state investor under contract
Hi all, I’m currently under contract for a single family home built in the 1920s. My realtor mentioned the floor was slanted and that it’s common for some of the older homes. The seller did some work on the crawl space back in 2023, I included the invoice from crawl space medic. I talked to my realtor about hiring a structural engineer during this period but he’s been trying to assure me that it should be fine. We haven’t done the inspection yet but I still feel more confident if a structural engineer also evaluated it. What do you all think? Thanks in advance.
New out of state investor under contract
0 likes • 12d
@Tammy Richey Hi Tammy, I just received the structural report and looks like there is more work needed with regards to the crawl space and roof. Do you think 145-155k is still a good place to open. It was recently appraised for 181k so I'm assuming that will likely be the ARV.
1 like • 4d
Thank you @Colleen Kamimura . But i ended up dropping out the deal bc the seller only wanted to lower the price 5k. But it was a good learning experience. I’m trying to aim towards new builds and fully renovated properties for my first deal, the yield is lower but I think I just need to get one under my belt to get experience and build confidence
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Benjamin Rosales
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@benjamin-rosales-3407
New BJJ student training for 1 year.

Active 2d ago
Joined Oct 29, 2025
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