Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 10 years ago on . Most recent reply

User Stats

35
Posts
3
Votes
Megan Helm
  • Investor
  • Mequon, WI
3
Votes |
35
Posts

Unexpected expense...

Megan Helm
  • Investor
  • Mequon, WI
Posted

Wanted to share the experience my husband and I went through on our last flip.  We purchased a two story flip home in Wisconsin. Had a home inspection performed (electrical and mold issues found).  House went on the market 3 months later.  We received three offers on the home.  After accepting the offer - the home inspection by the buyers was performed. The inspector found that 3 of the basement walls needed to be reinforced.  Nature of the beast or need a new home inspector??

Most Popular Reply

User Stats

338
Posts
129
Votes
Sam Erickson
  • Real Estate Broker
  • Milwaukee, WI
129
Votes |
338
Posts
Sam Erickson
  • Real Estate Broker
  • Milwaukee, WI
Replied

Need a new inspector. Unlikely the buyers will pay for this and it's going to cost you thousands. 

Most structural engineers will say that any thing 3/4 inch or more displacement will need to be braced. Some go even as far as 5/8 inch.  I haven't met one inspector in Wisconsin that doesn't go right to the basement walls and put a level on it. The fact that yours  didn't is very concerning.

PM and I can supply you a inspector I use as well as a couple differnt foundation companies you can call for pricing.

What does the amendment to the offer say in regards to who can brace the walls? I also know the company in Milwaukee that makes and sells all the braces to the foundation guys.   They will sell directly to homeoweners. You could do the bracing your self if your capable or can get a foundation guy to cut you a deal if you supply the braces.

Loading replies...