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Updated over 10 years ago on . Most recent reply
Would You Buy A House That Is Settling "floor not perfectly flat"??
Would you buy a rental property where the house is settling (the floor is not 100% flat)??
I looked at a duplex yesterday and noticed this issue. The numbers fit my criteria (rent, ROI, cashflow...etc) but I am concerned about the floor. There seems to be no cracks in the foundation (I will get more details with a home inspection if I proceed with it). The house is in a section 8 type of neighborhood and I doubt tenants would pass on it but still....
Would you buy such a rental? Any experience with similar situations?
Most Popular Reply
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Ive purchased a few homes before where the floor was not level.
I just poured concrete to raise the level of the floor to the highest point.
Its kind of a pain in the butt, but worth it because the properties with those issues traded at a steeper discount.