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Updated about 9 years ago, 10/07/2015

User Stats

21
Posts
1
Votes
Jimmy Kiefer
  • Investor
  • Mankato, MN
1
Votes |
21
Posts

1st property duplex purchase

Jimmy Kiefer
  • Investor
  • Mankato, MN
Posted
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!!

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