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Updated over 5 years ago on . Most recent reply
Foundation Leaks/Cracks : Deal Maker or Deal Breaker?
So recently I have viewed several homes with foundation problems and I raise this question: are foundation leaks/cracks deal makers or deal breakers for your portfolio. If the property is a possible buy and hold, rents make sense and the purchase can be made at a significant discount? Here are 2 examples of a slab foundation leak and a Cinder block foundation crack.
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Nicole Heasley Beitenman
#5 Medium-Term Rentals Contributor
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#5 Medium-Term Rentals Contributor
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- Youngstown, OH
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Nicole Heasley Beitenman
#5 Medium-Term Rentals Contributor
Pro Member
#5 Medium-Term Rentals Contributor
- Investor
- Youngstown, OH
We're not experienced enough yet, so we avoid foundation issues. I hope to reach a level where that's no longer a deal-breaker.