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Should I Buy a House That Needs a Repaired Foundation

  Рет қаралды 12,327

The Investor's Edge

The Investor's Edge

Күн бұрын

Ask Ryan is a short segment where he answers frequent questions he gets about real estate investing In this video he answers the question: Should I Buy a House That Needs a Repaired Foundation?
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Пікірлер: 23
@michaelw2797
@michaelw2797 3 жыл бұрын
Stop walking around, it's making me dizzy. This isn't the Blair Witch Project.
@theinvestorsedge
@theinvestorsedge 3 жыл бұрын
Appreciate the feedback, Michael.
@jacobdrinkard9843
@jacobdrinkard9843 3 жыл бұрын
I actually liked the walking. It felt more relatable, like a walk n talk. What would have been cool is if he walked us to his desk and then had a seated discussion.
@theinvestorsedge
@theinvestorsedge 3 жыл бұрын
@@jacobdrinkard9843 Thanks for the input! :)
@michaelw2797
@michaelw2797 3 жыл бұрын
@@jacobdrinkard9843 You're wrong and you should feel bad.
@TrooperAl777
@TrooperAl777 11 ай бұрын
Keep you walking around, it keeps me engage.
@theinvestorsedge
@theinvestorsedge 11 ай бұрын
Well that's great! Thanks for watching
@1sornram
@1sornram 3 жыл бұрын
Thanks. You convinced me not to buy bad foundations.
@theinvestorsedge
@theinvestorsedge 3 жыл бұрын
Thanks for watching; glad I was able to help!
@SwagAli
@SwagAli Ай бұрын
Thank you for the info. I really want to purchase this home at a very good price. It's in Ohio so the basement is a little messy. Definitely signs of water intrusion along the bottom of the walls. The big concern is a stair crack in the mortar. Its vertical and is wider at the top. I dont see any damage outside of the basement rest of the home looks solid. The home is only 456 sq ft. What do you think the maximum i would have to pay to repair/mitigate the basement? I'm getting such a deal that anything less than 30k and i think im gonna pull the trigger. I am in the process of getting a structural engineer to evaluate.
@theinvestorsedge
@theinvestorsedge Ай бұрын
Congrats on finding a good deal. Definitely find out the extent of the damage from the structural engineer to see what the cost will be to fix it.
@SwagAli
@SwagAli Ай бұрын
@@theinvestorsedge Just got the report. Suggests better grading and extension of gutters. Apparently they are draining directly into the corners of the home. Says walls are average for a home of this age and no major bowing should be expected as the basement is only 4 feet below grade. I'm buying the house!
@theinvestorsedge
@theinvestorsedge Ай бұрын
@@SwagAli Congrats! That's great news.
@RealOGMudbone
@RealOGMudbone 2 ай бұрын
Don’t listen to these other people, keep walking around! I feel like I’m on a rollercoaster. lol joking appreciate the information
@theinvestorsedge
@theinvestorsedge 2 ай бұрын
Ha ha, thanks. We now have a dedicated recording studio so no more filming while walking.
@clairelong4679
@clairelong4679 2 жыл бұрын
Had Olshan to do my repairs couldnt be more happier i had settlement issues they hand dug 5 holes
@theinvestorsedge
@theinvestorsedge 2 жыл бұрын
Thanks for sharing and for watching!
@losheroes6076
@losheroes6076 Жыл бұрын
The house im looking at has like a bulge on the outside.. looks like water might be trapped in there. These owener never took care of the gutters so when it rained water would jsut sit make its way to the basment
@youngpup9420
@youngpup9420 Жыл бұрын
Don’t walk around in your video. I literally had to look away because it was dizzying
@theinvestorsedge
@theinvestorsedge Жыл бұрын
Thanks for watching and listening anyway! You are spot on, we now record most videos in our studio. No more dizzy.
@LionofJudah73
@LionofJudah73 Жыл бұрын
Lmaoo really? People online has something to about everything 😂😂😂🤣
@Gatorpitguru
@Gatorpitguru Жыл бұрын
What is the average price if it is considered severe?
@theinvestorsedge
@theinvestorsedge Жыл бұрын
Hey Jonathan, that's a great question! Severe foundation issues can cost anywhere between $12,000-$30,000.
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