Need help! In contract with Prop having major foundation issues

[Joe Doman]

Hi all, I am in contract with a duplex in Canton mi. The numbers were looking very good until I got the property inspected and major foundation issues arose. The seller is very motivated, she is willing to lower the price, but because I am not experienced with foundation issues, I have no idea what to do. It almost makes more sense to assign contract? Does anyone have experience doing flips with foundation issues??  -I am really interested in learning. Maybe we could work together??

I am near livonia, plymouth, westland, Garden city, Ann arbor, se michigan

[Jason Hirko]

@Joe Doman Don't let foundation issues scare you. I'd get 3 bids, give the seller the highest, ask for that amount off the price, and then go with the lowest bid after you close. Remind her that no conventional financing buyer will be able to buy her house, so she better deal with you!