Comments on: The Unlucky House – No Go http://www.123flip.com/the-unlucky-house-no-go Education for the Serious House Flipper Fri, 10 Feb 2012 04:32:24 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: J Scott http://www.123flip.com/the-unlucky-house-no-go/comment-page-1#comment-1892 J Scott Wed, 17 Jun 2009 18:40:22 +0000 http://www.123flip.com/?p=1023#comment-1892 Alex - Great idea! Alex -

Great idea!

]]> By: Alex http://www.123flip.com/the-unlucky-house-no-go/comment-page-1#comment-1891 Alex Wed, 17 Jun 2009 17:28:49 +0000 http://www.123flip.com/?p=1023#comment-1891 Why don't you keep a photos up and make it House #12.5! Why don’t you keep a photos up and make it House #12.5!

]]> By: J Scott http://www.123flip.com/the-unlucky-house-no-go/comment-page-1#comment-1888 J Scott Wed, 17 Jun 2009 13:14:48 +0000 http://www.123flip.com/?p=1023#comment-1888 Good in theory, but now the next house will be #13! :) Good in theory, but now the next house will be #13! :)

]]> By: J Scott http://www.123flip.com/the-unlucky-house-no-go/comment-page-1#comment-1887 J Scott Wed, 17 Jun 2009 13:14:31 +0000 http://www.123flip.com/?p=1023#comment-1887 Jingle - We've been moving away from using inspectors over the past 5 houses or so, but when I get a house with any potential structural issues, I like to bring our inspector out. He's not a typical inspector (he has great real-world experience with building houses), and he knows the structural stuff very well. While I could pay a structural engineer, for the same price I can pay my inspector, and have him also give me a run-down of any other issues I might have missed (i.e., I can get him to go through the crawl space, attic, and other details I hate dealing with). But, I agree that it's becoming less and less necessary these days, and I really like you idea of just using an engineer when necessary. Jingle -

We’ve been moving away from using inspectors over the past 5 houses or so, but when I get a house with any potential structural issues, I like to bring our inspector out. He’s not a typical inspector (he has great real-world experience with building houses), and he knows the structural stuff very well.

While I could pay a structural engineer, for the same price I can pay my inspector, and have him also give me a run-down of any other issues I might have missed (i.e., I can get him to go through the crawl space, attic, and other details I hate dealing with).

But, I agree that it’s becoming less and less necessary these days, and I really like you idea of just using an engineer when necessary.

]]> By: Bilgefisher http://www.123flip.com/the-unlucky-house-no-go/comment-page-1#comment-1886 Bilgefisher Wed, 17 Jun 2009 13:05:09 +0000 http://www.123flip.com/?p=1023#comment-1886 Sounds like a good call for you. Skip the 13th floor and go straight to the 14th. Sounds like a good call for you. Skip the 13th floor and go straight to the 14th.

]]> By: Jingle http://www.123flip.com/the-unlucky-house-no-go/comment-page-1#comment-1885 Jingle Wed, 17 Jun 2009 12:58:00 +0000 http://www.123flip.com/?p=1023#comment-1885 JScott, No harm in backing. I'll back out of a deal if there is something I don't like. I've eaten a couple of EM's, but it sometimes cheaper than proceeding. Question: Why do you use a house inspector? Most are buffoons, not worth the fee you pay, and try going back on one..... If I have any questions a structural engineer is the one my $$$ go too. Jingle JScott, No harm in backing. I’ll back out of a deal if there is something I don’t like. I’ve eaten a couple of EM’s, but it sometimes cheaper than proceeding. Question: Why do you use a house inspector? Most are buffoons, not worth the fee you pay, and try going back on one….. If I have any questions a structural engineer is the one my $$$ go too.

Jingle

]]> By: Scott http://www.123flip.com/the-unlucky-house-no-go/comment-page-1#comment-1882 Scott Wed, 17 Jun 2009 12:32:11 +0000 http://www.123flip.com/?p=1023#comment-1882 If it makes you sleep better at night then backing out was the correct thing. As steve said, always go with your gut. If it makes you sleep better at night then backing out was the correct thing. As steve said, always go with your gut.

]]> By: Steve http://www.123flip.com/the-unlucky-house-no-go/comment-page-1#comment-1877 Steve Wed, 17 Jun 2009 08:21:54 +0000 http://www.123flip.com/?p=1023#comment-1877 It's always hard to back out on a deal, but trusting your gut is important. Banks sometimes take issue with us bring in financing versus cash, but typically, if you explain to the agent you're willing to remove all contingencies and will close on time still, they usually deal with it. Oddly enough, the one we backed out on sold to another investor for $25,000 more... It’s always hard to back out on a deal, but trusting your gut is important. Banks sometimes take issue with us bring in financing versus cash, but typically, if you explain to the agent you’re willing to remove all contingencies and will close on time still, they usually deal with it.

Oddly enough, the one we backed out on sold to another investor for $25,000 more…

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