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.
BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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 almost 2 years ago,

User Stats

157
Posts
86
Votes
Gurjot Grewal
  • New to Real Estate
  • Vancouver, British Columbia
86
Votes |
157
Posts

Would cracking in foundation be a deal breaker for you?

Gurjot Grewal
  • New to Real Estate
  • Vancouver, British Columbia
Posted

My realtor sent me a video of the walk thru. (remote investor) Its a 1500sq foot duplex. Early 1900 build. One side occupied one vacant. Property needs all new everything. Was originally budgeting 60k for rehab. Upon initial walk thru the vacant side basement has lots of cracking. Each wall pretty much has either, vertical, horizontal or diagonal cracking. Some parts of the foundation are showing daylight. But hard to see if theres any bowing occurring. Realtor suggested 10k budget for foundation. Not able to view occupied side unless under contract. 

I would of course get a structural engineer during my inspection period, and this could be a great discounted deal. But I am a novice. And do feel that 10k wont be enough for this. Not sure if I should pursue this. 

Loading replies...