Updated about 10 years ago on . Most recent reply
1st property duplex purchase
I am on the verge of purchasing my 1st property and plan to buy and hold the property. A property I have my eye on right now is in good condition as valued by the county accessors site, however it has a stone wall foundation and was built in 1881. If I am going to hold this property for 30 years, wouldn't it be a very relevant possibility that the stone wall foundation could give out? Then I would have to demo the property and most likely be out several thousand dollars. Should I ignore all properties with stone wall foundations? Let me know what you think, thanks!!