Structural Problems Stopping Me From Putting Offer

[Tariq B.]

I will try my best to keep this short:

So today I checked out a place asking price 10k. The house is about 100 years old in a neighborhood with quite a few abandoned places...looking at the pictures the place looked great so I thought what is the catch. I had to check it out as they just dropped the price 3k. So I opened the door and I was amazed the place, big, nice open concept. The plaster had been replaced by dry wall, the pluming was redone as well as the electrical (minus a few cut cords) the furnace was shot tho. Anyways the catch...well I walk in head to the back of the house and man it is the worst slop I have ever witnessed. Tile cracked, door jams coming away from the wall, kitchen cabinets coming from the wall, bad stuff. It is quite clear to me there is a structural problem. The back end of the house slopes bad as well as the upper floor and there is a bowing support beam on the roof bowing down. So my question is. To the other investors on the board. Would a structural problem as bad as this prevent you from making a deal, considering you don't exactly know how much it cost to fix. Given you can't get accurate numbers until you own the property.

[Crystal Smith]

Put an offer in w/ an inspection contingency. Then get an estimate from a foundation company on what it would take to fix it.