All Forum Posts by: John Endicott

@John Horner   I've been listening to your podcasts. Good stuff.

Great information. Thank you all for your responses. I talked to the listing agent and she told me that contractor had given a price of 35000 to repair everything in the house besides the foundation. Previous owner had knocked out a structural wall. The ceiling is sagging more and more each month. The crawl space is full of water. The bathroom was never finished correctly so it leaked a lot of water into the crawl space as well as the downspouts in the gutters. It has been sitting in this condition with the gutters and downspouts in disrepair for about 3 years as it has sat vacant. The top it all off the bank owns the house and they want a cash-only offer and they are not going to come down on the price. By the time I do the repair and by the house I'm really not going to have much of a profit margin for this one. I'm probably going to pass. However the information you guys have given me has been very helpful and I'm sure it will come in handy in the future thank you guys

Thank you Kevin. Thats great advice and thats my plan. I'm just trying to get a scope of what I'm getting myself into before I set this into motion

I'm looking at a property that has sunken floor in the middle of the house to the point where it has separated from the interior walls. I've seen this happen before where a pipe from the sink in the kitchen had leaked for years and was neglated. My question is what is involved with a repair of type and approximately what would it cost? From inspection of the outside the exterior Foundation appears to be in good condition without cracks. Looking at the house from the street the Ridgeline on the roof is perfectly straight and none of the exterior of the house appears to be sagging. Asking price is $55k. Comps in the neighborhood go for around $120k and it's located in a nice quiet neighborhood. Then on the market for 400 Days.