How can I address a sinking and tilted perimeter foundation on a potential rental property with flip potential, hidden under a house on a slope with cracks and major tilting concerns?
Hey everyone,
I have a question about a foundation issue I’m dealing with. I’m thinking about purchasing a property to rent out and potentially flip, but there’s a problem with the sinking foundation in the middle of the house. I plan to fix it with some slabs, but my main worry is that one side of the perimeter foundation has sunk and tilted to the side. It’s hard to access because it’s hidden under an ADU/garage that was added years ago. The house is on a slope, so it tends to get muddy and wet. I can easily drive a rod a foot deep with just one hand. There are also some cracks around the perimeter, but they don’t seem too serious. My biggest concern is the tilting. Any suggestions on what I can do to address this issue? Should I consider adding supporting slabs next to it? The tilting extends along the entire length of the house.
It’s crucial to have a structural engineer examine the property and provide a comprehensive report. The information shared here isn’t sufficient for a reliable evaluation. Your agent should assist you with this process.
I’d definitely pass on this flip, haha.
My advice? Bring in a professional engineer for a proper evaluation. Relying solely on online suggestions or quick fixes could lead to bigger problems and reinforce negative stereotypes about house flippers.
Yikes! That sounds like a total disaster waiting to happen. If you decide to move forward, it’s absolutely essential to bring in an engineer.
Instead of investing in this property, consider putting your money into the stock market.
I have my own jacks. I have my own beams. I have my own cement mixer. And still, I wouldn’t purchase that house.
Unless you’re planning to pay someone $20k to lift the entire thing on cribbing and you’re getting it for almost nothing. In that case, it’s a no-go.
I’m inclined to agree. If he attempts to sell it later and encounters a significant issue, a lawsuit is highly likely.
If the property isn’t in a prime location with breathtaking views and at least 5.1 acres of land, along with a house that just needs some updating, complete with beautiful hardwood trim and floors typically found in mansions, I’d say it’s best to steer clear. I’m no expert when it comes to structural integrity, but based on your description and the photos provided, it seems like the foundation wall(s) and potentially the footings, if they even exist, may have given out. Unless you have a plan to lift the house, place it on blocks, and replace all the footings and foundation walls, I’d advise against taking on this property. Of course, there’s a chance I could be completely off the mark since I’m working off vague descriptions and dimly lit photos. It’s crucial to consult with a structural engineer for a thorough assessment. Once you have their report, then you can make an informed decision about whether it’s worth salvaging. Best of luck.
If I were the one considering this property: