Anyone have experience with Pier and Beam foundation issues?

[Steve S.]

I'm looking at a prospect that clearly has a little bit of foundation issues, but the foundation guy that looked at it said, for a rental, i wouldn't do anything to fix it. If I wanted to, he estimated it would be about $5,500.

What are your thoughts on potential risks of doing nothing until I absolutely have to? How is that price point based on your experience? The house is about 1,500 sq ft.

What other information could I provide to help inform your opinion?

[Jay Hinrichs]

@Account Closed  its for these reason I am not high on Texas for long term buy and hold unless you live there and get local deals.. those buying full blown retail .. from out of state are never told about this

and the next thing they know they lost 5 years of cash flow on a foundation :))