Foundation Problems on Long-term Buy and Hold

[Rusha Jayasuriya]

I have a potential deal on an SFR for long-term hold however I think there might be foundation issues. The house was built in the early 70s so at that age foundation problems are likely. HCAD also has given it a building grade adjustment of C+. One of my take-aways from Vijai's wonderful and educational walk-through a couple of weeks ago was to be wary of foundation issues. For long-term buy and hold, would you take on a house that has foundation issues?

[Chris Hopper]

Nothing wrong with doing foundations.  Figure it into your budget and do the deal.  This is Houston, tons of houses have foundation issues.  Fix it now rather than later even if a buy and hold.