As the wholesaler, should i get a foundation estimate?

[DuRon Netsell]

I am in the very beginning stages of trying to a wholesale a house that is conveniently located right next door to me. The house needs a good rehab as well as foundation work. The foundation has numerous cracks over a inch wide in the basement. Despite the massive cracks, the foundation actually seems to be in relatively OK shape. I imagine the basement will just need a few piers put in.

My question to you guys is should i bring in a foundation guy to give me an estimate before bringing the house to my investors in order have a rough budget of repairs needed and make sure 40k is not needed for foundation work or should i just bring the house to the investors and let them get the estimate?

Thanks,
DuRon

[Bill Gulley]

As mentioned, anything you can do at no cost to you to provide more information to evaluate a deal should be done. There may not be any structiral issues, get it checked out. If you're lucky you might be able to fill the cracks and give it a fresh coat of kills, not suggesting you hide anything, but a little bit of sweat, even if you don't own it may payoff. You'll need the owner's consent to do anything, but I've seen deals fall through due to fixable cracks and an afternoon and $50 might take care of it. :)