I've heard to walk away from deals involving foundation issues, so I wanted to check with others who have dealt with similar issues. How much does this cost in a typical case vs a worst case scenario?
@Chad Mitchell Hello Chad. 2 things are at play here. This could be a major problem, but with that being said, this could be a negotiation tool. Get a GC in there quick to get you a estimate. Second this could be a big problem, in terms of this might be outside your rehab budget. If you did your evaluation right for cap ex it should already be accounted for.
Thank you for the info! I'm past my allotted time for inspections, so won't be able to get a firm estimate. I made a rookie mistake and did not factor this in to the negotiation, so will probably walk away. This could potentially cause my rehab budget to explode.