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Updated almost 3 years ago on . Most recent reply

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Paul Sanchez
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14
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To Buy or not to Buy with Foundation Issues?

Paul Sanchez
Posted

Hi BP Community,

I found a great location with an old SF unit built in 1950. 100k, 2 bd 1 ba, 725 sq. ft. Went to see it in person and it looks like the house sits crooked and there's cracking on the stucco near the foundation. 

Would any of you all take a look at these photos and let me know if possible repairs are even worth it on a property like this one? Everything I have read says to stay away from possible foundation issues, but I am new to all of this and am wondering if a low price tag would be worth investing more money into the property to fully repair.

Any advice on value, to buy or not to buy, repair cost for foundation issues etc. would be greatly appreciated.

Thank you!

-Paul

Most Popular Reply

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18,939
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Chris Seveney
  • Investor
  • Virginia
16,464
Votes |
18,939
Posts
Chris Seveney
  • Investor
  • Virginia
ModeratorReplied
Quote from @Paul Sanchez:

Hi BP Community,

I found a great location with an old SF unit built in 1950. 100k, 2 bd 1 ba, 725 sq. ft. Went to see it in person and it looks like the house sits crooked and there's cracking on the stucco near the foundation. 

Would any of you all take a look at these photos and let me know if possible repairs are even worth it on a property like this one? Everything I have read says to stay away from possible foundation issues, but I am new to all of this and am wondering if a low price tag would be worth investing more money into the property to fully repair.

Any advice on value, to buy or not to buy, repair cost for foundation issues etc. would be greatly appreciated.

Thank you!

-Paul


 only way to get accurate numbers is to get an engineer out there to look at it.

  • Chris Seveney
business profile image
7e investments
5.0 stars
1 Review

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