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Updated over 5 years ago on . Most recent reply

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11
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0
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Mike Henson
  • Hopkinsville, KY
0
Votes |
11
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Potential good buy but has foundation issues

Mike Henson
  • Hopkinsville, KY
Posted

Hey guys! I am a new investor and i came across this house for 50k and the house next door just sold for 195k and other houses in the area are selling for low to mid 200s! My question is should i buy the house to flip or buy,rehab and hold and use equity out of house for next purchase or run from it? The house has foundation issues and i brought a foundation specialist over and just for one side of the house hes saying its going to cost 17k! And to double the price to fix other side if its as bad? (We could not see foundation for the fact it was not exposed) the house is one story with basement! Any advice would be appreciated! Thanks in advance!

Most Popular Reply

User Stats

225
Posts
180
Votes
Bryan S.
  • Rental Property Investor
  • California
180
Votes |
225
Posts
Bryan S.
  • Rental Property Investor
  • California
Replied

@Frank Wong ok cool, thanks for the advice Frank. That makes sense, CYA, Cover Your ***.

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