Real Estate Deal Analysis & Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 7 years ago, 03/26/2018
Basement issues messing up sale
Hello Everyone,
So I just got some bad news. I was looking to sell my duplex in Wisconsin. I knew there were some foundation issues and my inspection prior to selling came back as needing hand excavation (proximity to other home) and a price tag of $18k.
I owe $135k on the home which sadly given the lack of appreciation (I bought it in 2008) the same amount I could likely sell it for. I have little to no money invested as it was purchased with a VA loan.
My new thought is to attempt to refi or try and get a line of credit to do the repair and keep the home. The rents are $750/each - one 3br one 2br and I think they are under market.
Would like to hear anyone’s thoughts.