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Updated about 5 years ago on . Most recent reply

Logan Merrick's profile image
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Logan Merrick
  • Rental Property Investor
  • from Lincoln, NE
  • Member since Feb 25, 2020
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Logan Merrick's profile image
Logan Merrick's profile image
Logan Merrick
  • Rental Property Investor
  • from Lincoln, NE
  • Member since Feb 25, 2020
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Logan Merrick
  • Rental Property Investor
  • Lincoln, NE
20
Votes |
22
Posts
Buying & Selling Real Estate

Would you offer on a house that has foundation issues?

Logan Merrick
  • Rental Property Investor
  • Lincoln, NE
Posted

Looked at a house that has sat for over a year vacant that was bought at auction. Has some mold and major foundational bowing in the basement. Should I make an offer or stay away?

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Account Closed
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@Logan Merrick

From the sounds of it, you may have limited experience with fixing foundations? If so, get 3 quotes, take the highest one and add a 20% buffer. So 1.2x highest quote. Subtract that from the offer

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