Los Angeles

[suezen]

Hey!

So, even after reading here about maxim properties, but given the current environment, I'm considering one anyway.

Any new thoughts about the...company? 

Are you, the inspector who has inspected a few of their properties with strong opinions, still out there?

Any thoughts would be greatly appreciated.

Thanks!

[englishmaninLA]

Me too!

Which one was it? I've just submitted an offer and only now realized it was a Maxim flip and now I'm worried....

We can take it offline if you want.

[suezen]

Partridge St. in Frogtown. We accepted the counter then a cash buyer showed up offering less, again.

[englishmaninLA]

Thanks for the reply!

[PhilipC]

Maxim properties purchase there inventory through California Foreclosure which is Trustee Sale. Of course foreclosure properties do not have disclosure like a regular sale or short sale since they never lived in them. Please read there counter offer clearly. Most contingencies are passively waived on there counter offer. Like any flipped properties your questions is "did they just lip stick and makeup the property or did they really rehab it correctly."

[johnunderwood]

I am not speaking about any investor in particular but from my experience many investors do not conduct any inspections at all (or do very little) when they purchase a home to flip.  This is because they are only likely doing cosmetic repairs and they do not intend to address any other issues on the front end so they don't want to waste the time and money to inspect something they'd likely rather not want to repair, know about or have to disclose.  If something comes up during the next buyer's inspections they may consider a credit or request for repair at that time. 

Also, once an investor purchases a property they owe you the same disclosures as any seller would in a standard sale.  There may not be much information to disclose becuase they never lived in the home or did any (or minimal) inspections but they do owe you the standard disclosures regardless, especially if they were asked for and agreed to in the purchase contract. 

[Ihatemaxim]

I just got my deposit back, Do your self a favor and do not use these CROOKS!