General Real Estate Investing
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal



Real Estate Classifieds
Reviews & Feedback
Updated over 2 years ago on . Most recent reply

First property… foundation issue?
Found a great deal but I did notice a crack in one of the walls probably 20-30 inches long and a spot where it looks like there may have been a leak at some point. Automatic red flags? Or how could I determine if it’s not a huge deal.
Thanks for any hekp
Most Popular Reply

A crack in a foundation wall is very common. You need to access whether it’s causing a water problem. I am assuming the rest of the wall is exposed and not covered by drywall. A leak can be fixed by a water proofing company. The cost can very depending on the extent of the leak and putting in a drain tile system. It could be as simple as cleaning the crack and applying epoxy to the crack. That is probably under $1000. If you hire a company to put in a full system it could cost around $5000. It really depends. It’s not a very big crack. I would be more concerned if it were offset where it’s a structural issue. Sounds minor provided there aren’t multiple spots.