Collapsing Basement Beam

[Yechezkel B.]

Hi,

I'm deep in review on a SFH in NJ, we already determined the SOW, all fits the formula. Our contractor noted a crack along the main beam of the house (in basement) I ordered a structural engineer today who determined that the beam needs to be reinforced and columns added to support them beam. The engineers estimate for repair is like 16,000 which I believe is totally overpriced. Based on what he put in will cost for the other minor repairs (add railing for front steps = 6,000 ! ) Here are my questions, I hope you guys can enlighten me:

1. when it comes to fix and flip, if a house requires work involving structure, do we walk away? or is it something that many fix and flippers need and 'would' handle with.

2. specific on this repair of a structure main beam (wood) can anyone share their experience on this, is this something that's easy to repair, my concerns are if this is a long drawn out expensive process that can become very complicated.

3.Regarding how I should deal with the wholesaler- I need to decide if I should give in an offer as priced, then once I confirm that exact cost of repair, I can reverse my offer and give in a lower offer. Or i dont go into contract with the wholesaler until I get the exact cost and extent of work and then I give in a more accurate offer. like will the wholesaler rather adjust his price to someone who has an offer in already?

Thank you all!