Foreclosure Foundation Failure in Houston

[Brad Tabor]

New to investing, though have bought several homes to live in over the years. We thought we found a great deal on a foreclosed home but our realtor pulled the key map of the foundation and found 32 of the piles needed leveled ($14,000 estimate). I think we still could have made it work but the risk of all the issues moving the house that much scared us off. I'm glad our agent did her due diligence for us and a valuable lesson learned. Hope this helps someone else.

Still looking for that first property to BRRRR. Working the cash angle to start but wanting to scale quickly.

Any leads let me know.

[Brad Tabor]

VT I agree, they explained that the interior piers needed leveled which added $4K. What I learned on that one I am applying on my next home that I am putting in an offer tonight on. It was also very bad, but it was a 3/2 1300 and in a very nice community. I thought it was much worse but should come in at only $10K. 

Looks like you are also right on the Houston foundation problem. Every foreclosure I've seen has that issue. Might have to get to know the foundation guy really well!