Foundational issues caused by water...would you consider it?

[Paul Smythe]

I'm looking at a potential flip and wanting to know the BP community's thoughts on foundational issues caused by water (damp crawlspace, ground sinking underneath house at one spot, etc.). Is that an instant red flag that causes you to move on from a property?

What type of costs would one expect for a 1600 sf house (I understand it will vary, but is there a realistic scenario where it will cost me 10k to fix, or could I budget 5k and most likely be alright)? The sinking in the crawlspace is only on one end of the house. It's definitely moist throughout, though. Thanks in advance.

[Jeff Rabinowitz]

If you do not know how to evaluate this situation do not make an offer without getting a quote from someone who does know how to evaluate it. This can easily be more than a $10K problem. Should you tackle it? If you are getting a larger discount to ARV than the problem will cost to fix and you are well compensated for your time, why not? The next time you see a similar situation you will be in a much better position to evaluate it. You will know exactly who to call.