Under contract with a cracked foundation/joist and leaning piers

[Cody Zucker]

Hi All,

I have my first investment property (live in 203k) officially under contract and out of attorney review and found the structural items below in inspection (See attached pictures directly from report):

Unit 1 (~750 sq. ft)

(1) Cracked Foundation Wall in two areas

(2) Piers that have placed in dirt allowing the home to shift and now have wooden shims/other objects to sure up the floor

(3) Split floor joist

Unit 2 (~600 sq. ft)

(1) Support posts were set directly in dirt

(2) Objects were set in between piers to sure up floor

This is a multifamily home (two single family homes on one lot) with the home inspector suggesting that the price to fix could be well over $30k. Can anyone provide some idea of what this would cost from their experience? I know that I need to get estimates but I want to give the seller an idea of what we could expect when heading back to the table before proceeding with a ~$750 estimate from a structural engineer.

Any help is appreciated!

https://drive.google.com/open?id=1dFCLeskJt0VhyUvU...