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Updated almost 6 years ago,

User Stats

101
Posts
44
Votes
Heather Rodden
  • Rental Property Investor
44
Votes |
101
Posts

Mine subsidence..any experience?

Heather Rodden
  • Rental Property Investor
Posted

I have the opportunity to buy a SFH from

A private seller. The home is updated 800 sq foot w a 2 car garage for $45K (asking price). The owner has a claim for mine subsidence (I believe it was a $25K pay out), and I believe it the subsidence continues it is another $10-20K pay out. I have no experience with subsidence. She paid $55K for the property in 2013. I can rent this property for around $650/month in this area. Good area. Opinions?