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Updated over 9 years ago,
Buying a rural house with no basement in Canada
Hello BPers,
I am a buy a hold investor in the golden horse shoe of Ontario, Canada, and currently own 2 properties.
I looked at an SFH acreage just outside of town, and loved the place, but it is over 50 years old, and has no basement whatsoever.
My question is 2 fold. What are the risks of a property that has no basement, as i have never viewed one, and has anyone had sucess renting one out?
I like the look of the numbers but would like some feedback on the no basement situation.
Thanks, and happy investing!
Jeff