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Updated over 10 years ago on . Most recent reply

User Stats

249
Posts
73
Votes
Zaid R.
  • Investor
  • Northridge, CA
73
Votes |
249
Posts

Would You Buy A House That Is Settling "floor not perfectly flat"??

Zaid R.
  • Investor
  • Northridge, CA
Posted

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

User Stats

188
Posts
116
Votes
Jesse Tsai
  • Investor
  • Las Vegas, NV
116
Votes |
188
Posts
Jesse Tsai
  • Investor
  • Las Vegas, NV
Replied

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.

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