cheap flip with water in the basement
We are interested in a house to flip that has about 8 inches of water in the basement. My husband knows where water is getting in, however there is no way to know damage from water as we can't go into the basement. Any input?
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We buy quite a few with water in the basement. 8 inches of water does not typically cause foundation issues.
We've bought plenty with 2-3 ft if water. Typically the power is off and the sump pump not working and or other drainage issues that can be fixed.
If you know the source and have a solution to fix it get some 24 inch waders and a powerful flashlight and walk through the basement see if there are any obvious foundation issues.
8 inches of water in basement will typically destroy your furnace and your hot water heater and most things sitting in the floor, but if you budget for those you should be good.
If it's finished basement, you have trim and drywalling that needs removed and potentially some framing .....but at 8 inches your wiring and recepatcles should still be ok.
Budget for the repairs needed and offer accordingly. Other option have a waterproofing foundation contractor go inspect with you.
Good luck