Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

Followed Discussions Followed Categories Followed People Followed Locations
General Landlording & Rental Properties
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

User Stats

21
Posts
2
Votes
Aman Kaur
2
Votes |
21
Posts

Structural inspection making me reconsider buying property

Aman Kaur
Posted

During the inspection, a crack was discovered outside the building but no crack inside. There are signs of some water damage.  My reliable contractor says 10k in expense.  My fear is will the building collapse down the line and is it worth buying the property? Is this fixable and should i go with it? Building is 1965 built and otherwise in a solid condition. Would love input and want to ensure what else am I missing that I am not thinking about.  Any experience response would be appreciated.

Most Popular Reply

User Stats

6,755
Posts
7,829
Votes
Jonathan Greene
#5 Starting Out Contributor
  • Real Estate Consultant
  • Madison, NJ
7,829
Votes |
6,755
Posts
Jonathan Greene
#5 Starting Out Contributor
  • Real Estate Consultant
  • Madison, NJ
Replied

That sounds like nothing and not the slightest chance it's a 10k fix based on what you said. One crack outside has you worried and signs of a little water damage? I've never looked at a property as good as that one. Cracks on the exterior are wholly different if vertical or horizontal. Even a 1965 build will have settlement cracks. What other evidence is there that anything is structural? This is stuff that is on literally every house.

business profile image
Zen and the Art of Real Estate Investing
5.0 stars
9 Reviews

Loading replies...