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Updated about 3 years ago,

User Stats

138
Posts
84
Votes
Seth Wilcock
Lender
Pro Member
  • Lender
  • Greenwood, IN
84
Votes |
138
Posts

Deal With Foundation Issues

Seth Wilcock
Lender
Pro Member
  • Lender
  • Greenwood, IN
Posted

I'm looking at a potential BRRRR for a duplex in a fantastic area. It's priced right and there is some room to build in a repair budget.

My agent sent me the following broker remarks when he was taking a look at the property:

*** AS-IS SELLER TO DO NO REPAIRS! *** Inspection shows some settlement of foundation block in a couple areas and a split floor joist _ Still Sold AS-IS *** HIGHEST AND BEST OFFER DUE BY 5:00 P.M. FRIDAY 11/26/2021!!!

I've done some rehabs and a BRRRR before, but I've not had much experience with foundation repairs. I know they can be costly. Based on the description, can anyone give me an indication of the severity of these repairs and how much it might cost to fix?

  • Seth Wilcock
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Resolute Lending Powered by IMB

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