Flipping with Structural Issues

[Michael Rodriguez]

We're currently evaluating a condo in a healthy area of Columbus. It's a 4 unit condo building but only the single unit is for sale. Noticeable foundation settlement has occurred with cracking/shifting. A structural engineer has inspected and has recommended steps prevent any further settlement. 

My questions are:
1. What experiences with potential buyers have you had on the resale of such a property after all necessary repairs/improvements? We would include pre & post inspection reports from the structural engineer.

2. Are there any approaches we can take with the HOA as this technically affects the entire structure of the building? i.e. HOA to cover or split the repairs

Thanks in advance for your feedback!

[Manolo D.]

I'd do it, it only is screaming deeper discount. Lower buying price, lower selling price for sure. HOA will not give you a cent, they are only there to approve your looks on the outside, that means, you have to pay them to get your repairs done, their approval review and all that, in mosr cases anyway. Their usual coverage is lawn to street, most don't even paint your house how much more repair your foundation.