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Updated over 4 years ago,

User Stats

14
Posts
6
Votes
Gil Keren
  • Investor
  • San Francisco, CA
6
Votes |
14
Posts

Water in basement? Please advice on pictures

Gil Keren
  • Investor
  • San Francisco, CA
Posted

Considering buying this SFR in Indianapolis that was built in 1920, for a buy and hold rental. The numbers run well, but I'm just not sure about the property condition - there are some signs of water in the basement, and I'm not sure it that's a small fixable problem or a major foundation issue. I'm attaching some pictures, would someone experienced give an opinion? (Last picture is some concrete chunks falling off the foundation, not sure if that's related or indicates some other problem?)

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