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Updated about 4 years ago,

User Stats

41
Posts
40
Votes
Melvin Maxwell
Pro Member
  • Rental Property Investor
  • Fairfield, CA
40
Votes |
41
Posts

Foundation Issues on Condos on Single Slab

Melvin Maxwell
Pro Member
  • Rental Property Investor
  • Fairfield, CA
Posted

Any SA investors have experience with potential deals on condos or townhomes where the subject property is one of several on a single slab foundation with clear issues.  Do you just avoid these like the plague?  Do you attempt to stabilize or bite the bullet on the purchase and then attempt to work out with other homeowners?  Imagine there are some definite liability issues if you attempt a repair.

Thanks for your insight.

Mel

  • Melvin Maxwell