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Updated over 9 years ago,

User Stats

18
Posts
3
Votes
Jeff Beler
  • Investor
  • St. Catharines, Ontario
3
Votes |
18
Posts

Buying a rural house with no basement in Canada

Jeff Beler
  • Investor
  • St. Catharines, Ontario
Posted

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

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