Deal or no Deal on a SFH property that has bad foundation ,Help!!

[Tremaine Daughtry]

Hey you guys! I'm new to bigger pockets and new to realestate investing and I have a Question about foundation, I have a property under contract right now that's in a great area and it has a great Arv and a low price but the only major problem is that the peir and beam foundation has dry rot on alot of the subfloors of the bed rooms and alot of the floor joists are broken and the beams are in pretty bad shape it's an older 1955 house so I'm thinking this SFH may turn out to be a money pit if I end up closing , I got a quote from a contractor in my area of 17k to jack up the house and fix everything I thought that price might be pretty high but at the moment Im searching for other quotes and my Question Is what's a typical price range for foundation work ? And is there away I can clear up the dry rot fungi ? The bank will be loaning the purchase and repair costs but I don't want to over borrow plus iv already had the place inspected and all you could say I'm a little attached to the place but I know the rules are not to get attached but I appreciate you guys if you could point me in the right direction , I need to know if this property is a Deal or no Deal ?

[Melissa Jolley]

If there is water pooling around the base of the home then something is making the water run under the house....if it is pooling from all sides of the home...then I would try to make sure there was no sink hole activity under the home. Generally, if water ran under the home, it would be able to run out the other side. The gutter think is a possibility but even after exiting the gutter it should flow to the lowest elevation.