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Updated over 4 years ago,
Looking for advice on these structural issues
List price is 70k With an ARV 220. 2/1 potential 3/1 or 3/2 because there is egress out of the basement . Someone completely gutted the inside down to the studs and reframed almost all the interior walls..Floor plan was changed started by relocating a new set of U-shaped/ half landing stairs possibly 45-48 inches in width from the basement up to the main floor and beyond into what looks like to be an attic for storage on the front of the house and may be large enough for another bedroom on the rear but if not just more storage..new furnace/AC also ductwork to half the house and new electrical was run in some rooms but still may need to be finished in interior walls . Next the bathroom in the main living area is completely finished ceramic tile,vanity, toilet paint,towel rack all ready to go. Sounds too good to be true when I look around and see all this work done and there is still more possibilities with what makes up the balance of the house including the large unfinished basement that would be great for finishing. That's all the pros and now the major CON
Alright so you get the picture of where the previous investor was in the rehab and now imagine seeing the right side of the house leaning away from the left noticeably a few inches in some sections to where you could see it from the front of the house and you can tell it’s a major structural issue and the fact that roughly 1 inch thick cables/ratchets have been installed (professionally) to support the wall (5-6 of them throughout) potentially the whole house is major cause for concern I just don’t know how much concern and what kind of cost are we talking about?
Is this why they walked away or did they run out of money? Something isn’t adding up..
Someone ran into some trouble with this project and I’m trying to determine what happened. And the order of operations and based on that determine if I should offer or walk away. I know that without seeing the pictures no one can really help even if they are an engineer and even then pictures don’t always do it justice. Any help would be appreciated. I thought I could attach the pics but I don’t see how maybe I can in a rely or comment. Thanks
**Oh and the cables are punched through the Sheetrock so I’m assuming this was recently brought to light**