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Updated almost 6 years ago,
Old Foundation (1938 Crawlspace) and New House built in 2018
Hello! This is my first post on this website but I've read plenty of advice and recommendations that I've found very helpful from the members here. I'm new to real estate investing, we bought our first single family home and rented it out last month with the 1% rule guide. I'm currently in the market for another property. I found this house that was listed as built in 2018. Everything looks new and modern but the foundation is from 1938 and a crawlspace. The builder mentioned that the
foundation had "all new insulation and pea gravel with vapor lock put down to code." I'm inclined to buy this property but reluctant at the same time due to a very old Foundation. From a rental standpoint, I can possibly rent it out close to the 1% rule. Please let me know what are your thoughts on this? I am concerned about the house crumbling. Thank you in advance!