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Updated over 9 years ago on . Most recent reply

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947
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Marci Stein
  • Rental Property Investor
  • New York, NY
505
Votes |
947
Posts

is this an obstacle to selling?

Marci Stein
  • Rental Property Investor
  • New York, NY
Posted

Today I saw a SFH across the street from one I already own (big plus).

The numbers work (1.5 % of pp for rent), however the stone foundation has small cracks., and is bulging in one place . It is still very solid and not in any danger of giving in or moving more.

I met with a concrete repair man who will place stucco in front of foundation around the house and in basement. there won't be any cracks showing, however there will still be a bulging wall (approx 3ftx34ft) on side of house, with stucco on it. 

Will it be possible for  a buyer to get a mortgage loan on this house , ? 

 Or will i be stuck with it unless they pay cash or get a 203k loan? 

Thanks!!

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