My first potential deal
I recently came across a deal that have a crack foundation. Rehab cost of 50k. The asking price is around $230,000 o.b.o in an area where most home go for $400,000 - $500,000.
The seller seem to be motivate to sale. I am working on get this home under contract the only problem is that I am new. I have not done all my home yet and I am seeking some advice before I start digging into this project. I know I need comps and so on. What would before way to obtain all the information I need. Is it smart to chase after a house with a crack foundation?
Any advice would be helpful.
Thank you for reading.
Steven Crawford