Potential buy and hold without occupant in years

[Selby Johnson]

Hello,

I have  a potential buy and hold as my true introduction to real estate investing in an up-and-coming neighborhood that has not supposedly been occupied in 15-20 years. In terms of inspection, first is there anything I should particularly be aware of when choosing an inspector? Secondly, this is a pier and beam foundation - should I spend the money and get hydrostatic testing prior to purchase of the home? Lastly, what can be done about testing electrical within the house?

Appreciate any advice!

[Kristi K.]

To be honest with you if you are looking at a house in San Antonio that hasn’t been lived in for ten years you shouldn’t be buying this as a first time investor. It will probably need 100% gut to studs rehab including 100% electrical upgrade and 100% plumbing upgrade. These are problems that are easily solved but not for a first time buyer.