Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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.
Real Estate Deal Analysis & Advice
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 over 8 years ago on . Most recent reply

User Stats

649
Posts
52
Votes
Steve S.
  • Dallas, TX
52
Votes |
649
Posts

House with foundation issues in central Texas

Steve S.
  • Dallas, TX
Posted

house built in 1984. Pretty decent overall metrics on my offer of about $139k which would rent for about $1,400

However, after inspection, it probably needs $3,000 of capex and with a foundation inspection it needs at least a soul leveling for $4,000 or a full foundation overall auk for $10,500

I countered during the option period with $125,000 to cover my capex coats. 

They countered with $132,000 and $1,250 towards my closing costs

Questions:

1) how long could input off the foundation repair?  If I delay will the expense go much higher?

2) given their offer would cover more than my capex costs if I just did the $4,000 soil leveling, what would your next steps on the negotiation be?

I'd expect to rent in November / December for around $1,400

Loading replies...