General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 6 years ago,
Leaking foundation and cracked ceiling.
Hey guys I went to look at this house the other day and I think it may be a "pig with lipstick". The foundation had a water leak. It drains down the wall into a drain in the floor. Looks like they tried to patch it multiple times. The ceiling has multiple cracks with horrible patch work. The center support beam in the basement is twisted on one side. They nailed 2x4s to give it more support. I wish I could upload photos to show you all. I feel I could cover the patch work and cosmetic stuff. My gut tells me this is a black hole for my money though lol. The leak alone has me worried that even though it's contained now, it'll just weaken over time. Plus you can see what looks to be slight crumbling of the bricks outside. To me it seems obvious I should move on but I want others opinions. What are your thoughts? TIA