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Updated over 9 years ago on . Most recent reply

Anyone flipped a house with foundation issues?
Found a nice property in a nice area with foundation issues. Anyone flipped a property with foundation issues? I feel like it will be harder to unload and scare potential buyers away with this type of issue, even after repaired.
Most Popular Reply

Step 1: Hire a legitimate engineer to assess
Step 2: Hire a reputable foundation company with a great warranty
Step 3: Disclose to the buyer that there was an issue, it was diagnosed, and summarily dealt with in a way that cannot be questioned.
Step 4: Profit from a deal that would scare other investors off!
Note: I recommend step 1 prior to buying the property, and getting a bid for step 2 prior to buying as well. Expect to spend some bucks to make this happen - it's no different from doing a survey on a lot you plan to build on as part of your due diligence.