Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
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,

User Stats

52
Posts
27
Votes
Brandon Handel
  • Fort Wayne IN, USA
27
Votes |
52
Posts

Leaking foundation and cracked ceiling.

Brandon Handel
  • Fort Wayne IN, USA
Posted

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

Loading replies...