Updated over 4 years ago on . Most recent reply
New deal, city getting involved?
New learning opportunity for me, put in an offer on a house and just heard back from my agent that the city is wanting the house either torn down or the foundation fixed. Curious what seasoned investors would do with that?  I told him let’s see what exactly the city wants done and go from there, the seller is going to counter my offer, but they are waiting to see what the city says first.
Versus making my initial post to long with particulars that might not be helpful, I am happy to answer whatever questions you might have.
My first question and concern is how involved the city can actually be? The house is 110 years old and has old tree timbers in it under the foundation in spots. But the house is still standing and while I agree it has foundation issues, I don’t think it’s to the point of needing torn down