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Updated over 1 year ago on . Most recent reply

User Stats

66
Posts
30
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Seth Baumgartner
  • Rental Property Investor
  • Florida State, FL
30
Votes |
66
Posts

Seeking Advice on Foundation Repair Costs and Financing in Cincinnati Area

Seth Baumgartner
  • Rental Property Investor
  • Florida State, FL
Posted

Hello BiggerPockets Community, I hope everyone is doing well. I'm Seth, a real estate investor focusing on building a vast portfolio. Currently, I'm dealing with significant foundation issues in one of my Ohio properties. The house lacks a full foundation all around and also has a partial crawlspace. To top it off, the front of the house is sloping by about a foot. I've received an initial estimate for the repairs, but it's quite hefty. Before moving forward, I'm interested in hearing from anyone who has dealt with similar issues: What were the approximate costs you encountered for foundation repairs? Any reputable contractors you could recommend in Ohio? Strategies for financing costly repairs while still keeping an eye on property acquisitions? If you've done foundation work, what hidden costs or challenges did you encounter that weren't obvious initially? Any insights or advice would be greatly appreciated.

Best, Seth Christian Baumgartner

  • Seth Baumgartner
  • Most Popular Reply

    User Stats

    820
    Posts
    934
    Votes
    Alfath Ahmed
    • Real Estate Agent
    • Columbus, OH
    934
    Votes |
    820
    Posts
    Alfath Ahmed
    • Real Estate Agent
    • Columbus, OH
    Replied
    Quote from @Seth Baumgartner:

    Hello BiggerPockets Community, I hope everyone is doing well. I'm Seth, a real estate investor focusing on building a vast portfolio. Currently, I'm dealing with significant foundation issues in one of my Ohio properties. The house lacks a full foundation all around and also has a partial crawlspace. To top it off, the front of the house is sloping by about a foot. I've received an initial estimate for the repairs, but it's quite hefty. Before moving forward, I'm interested in hearing from anyone who has dealt with similar issues: What were the approximate costs you encountered for foundation repairs? Any reputable contractors you could recommend in Ohio? Strategies for financing costly repairs while still keeping an eye on property acquisitions? If you've done foundation work, what hidden costs or challenges did you encounter that weren't obvious initially? Any insights or advice would be greatly appreciated.

    Best, Seth Christian Baumgartner


     I have some good GC referrals that I can send your way. 

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