Signs of a Potential Real Estate Money Pit

If you’re looking for a house to flip, you need to be aware of certain signs that a home is a lemon. You can save time and money by catching major problems right from the start. Look for these warning signs of a house you probably want to steer clear of:

• Water stains on wall board

• Water stains on ceiling and sheetrock sagging

• Foundation bulging in or out

• Mold in the attic

• Mold on walls

• Knob and tube wiring or aluminum wiring

• Rotting windows with water stains down walls

• Standing water in crawl space

• Sagging floors

• Sagging roofline

• Neighbors from hell

• More cats than humans in residence

• Neighbors have Dobermans that eat red meat

• Located in a high-crime district