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Updated over 7 years ago on . Most recent reply

Chris Weaver's profile image
Chris Weaver's profile image
Chris Weaver
  • Rental Property Investor
  • from North Conway, NH
  • Member since Jan 30, 2016
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User Stats

69
Posts
16
Votes
Chris Weaver's profile image
Chris Weaver's profile image
Chris Weaver
  • Rental Property Investor
  • from North Conway, NH
  • Member since Jan 30, 2016
Connect
Chris Weaver
  • Rental Property Investor
  • North Conway, NH
16
Votes |
69
Posts
Buying & Selling Real Estate

Worth buying a home on piers?

Chris Weaver
  • Rental Property Investor
  • North Conway, NH
Posted

I'm looking at this HUD home near me but the biggest problem is that there's no foundation--just piers. As far as construction goes, I know the issues with the home but I'm more concerned about resale. Can someone get a mortgage on a home on piers? It would be a good rental if I could get it for the right price but I'm worried about resale. If it had a proper foundation, the home would have an ARV of around $150,000.

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