Real Estate Investing Filln in the Cracks


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I'm very close on closing a condo in downtown Chicago. The inspection went well but that was for the interior of the condo. I just walked by the condo building yesterday and noticed there are a lot of cracks on the building outside wall. The building was built in so it is relatively new for Chicago.

Before this, my lawyer has checked the financial of the HOA , there has been no special assessment in the past and there won't be any in the next 2 years at least. Should I be concerned about this? Does that mean the building will have problems in the future? How bad are they? Probably just settling cracks.

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There are sealers you can purchase that will fill them in to protect from water and ice damage which can make those cracks larger during winter months. I agree with Annette.

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One of our representatives will be in touch soon to help get you started with your demo. A Pacific Investment Management Co. LLC-managed mortgage real estate investment trust last sought to complete an initial public offering during a four-month period in that included the submission of nine other registration statements by similarly situated entities.

The newly organized, externally managed mortgage REIT intends to primarily acquire agency residential mortgage-backed securities and, over time, excess mortgage servicing rights and residential mortgage loans as part of "a flexible and relative value focused investment strategy. Among them are loans that do not meet qualified mortgage status under U. I would say thats cosmetic. That just doesn't look like the typical place I'd assume a crack in the drywall would represent a crack in the foundation.

Here's the question. Have you looked at the foundation at all?


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Does anything look significantly off? To me, I would look for cracks that run along the tops of of walls to where walls are now above or below other walls. More like bad drywall work. Or sometimes its just temperature changes. But here in Illinois, I wouldn't think twice about that. Washington DC? Not sure on that area. Amardeep G. I would guess this is lathe and plaster wall construction due to the horizontal crack.

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I would look at the foundation and walls below this room to see what they tell you. Cracks at corners of doors are very common. I think the roof framing is actually causing the cracks. This is more cosmetic I would believe. Sand and paint and it will look like new. If all of it falls off the lathe then drywall that wall.

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This looks to be an attic with surface mounted electrical outlets. Sorry I cannot tell more from the photo. You would be better to check the foundation and if a brick home the exterior to make your determination. When looking at bricks a vertical crack in the joints between bricks can indicate settling.

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A vertical crack that goes up and down through one or more bricks can be an indication of mine subsidence. Mine Subsidence is a very serious issue in Illinois.


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  4. What it refers to is the collapse of underground mines and the hour glass effect it causes on the surface. Mostly coal mines but it could be any underground mine. Cracks can be either cosmetic or a sign of a foundation or structural issue. Only a qualified inspector can point you in the right direction.

    My inspector uses one of those Smart Level gizmos.

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