foundation crack vs flooded house for rental in houston
Hi!
I'm looking at buying a rental home in houston, but i can see there's a crack near the front right side because of a tree that is right by the house. You can't get anything on the market under 200,000 unless its too small or it has foundation issues. But on the other hand 40 percent of the homes were flooded in harvey. I am thinking that the only way to get a rental here is getting one with a crack. The other option would be paying more 225,000 to 250,000 for a good home, but then its not really worth it once you have to pay that much. Even getting a home around 185,000 to 190,000 isn't getting the 1 percent back on rental income. Does anyone here have trouble reselling a home with foundation cracks here in houston after the flip? I am thinking that buyers here won't even care about cracks considering that the other option is to live in a flood plane or paying too much for a perfect home. any thoughts?
thanks!
james