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Rehabbing & House Flipping

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Daniel Claroni
  • Rental Property Investor
  • Omaha, NE
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32
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Run to or run from bowing foundation and foundation issues?

Daniel Claroni
  • Rental Property Investor
  • Omaha, NE
Posted Jun 18 2019, 19:16

So I've been running into a lot of houses lately that have bowing foundation walls or other foundation problems (in my case it has mainly been from frost heave and poor grading on the exterior of the house) and have been advised to steer clear from them. However, I have heard on podcasts and read in articles that foundation problems can scare people away and make for some good deals.

In my market, houses sell for near retail almost ever time, so I'm thinking unless I can get a great deal, steering clear is good advice. I also don't want to buy a house that has its foundation crumble on my tenants. Do you have experience buying houses with foundation issues? Are there some casing where I should still consider the house and some cases when I should definitely turn and run?

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