O.K. Mike Try Alex Wong, 619-282-2767. He is a structural engineer . He might have someone in his office to do the leg work. I talked with him and he said go he would be glad to take your call.
I’d like to have the possibility of doing something like this but I just don’t have the optional time right now.
I agree completely with most of what you posted. The fuzzy area is the last point:
“One last point: when negotiating to buy such a property, add a clause stating seller must bring up to code. Let him or her research it to discover the high cost of compliance. They may not fix it all, but will have to accept a much lower price to sell it as is.”
While this is a good potential strategy there are just way to many instances where the seller’s can’t or won’t do it and are going to sell “as is”. I think someone with a good entrepreneurial mindset and a lot of energy can do well finding latent potential in situations like this this with all the distress involved and making good of it .This could mean making a good business opportunity or just getting a property that has something that was desirable about it(in the eye of the beholder) but was otherwise out of reach and was a dead deal if anything is left to the seller to do .
