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David B.
  • Investor
  • Grand Rapids, MI
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Would you buy a rental with a foundation like this?

David B.
  • Investor
  • Grand Rapids, MI
Posted Oct 15 2014, 15:55

Hi BP Community,

I'm looking at buying a house that I would like to use as a rental. On the upside, the price is right for it to cash flow nicely, and it's only 5 minutes from where I live. On the downside, it's 100 years old, literally. Someone did some work on it only a few years ago (new cabinets, counters, roof, siding), but I'm worried about the foundation (pics below):

Several of these cracks exist, and some are filled in (like picture #2). In a 100 year old house, do I expect this, or do I run far, far away? 

I can't get in the house until tomorrow, but when I do, what should I be looking for to get a better idea of the extent of the problem?

Thanks so much!

David

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