Real Estate Deal Analysis & Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 8 years ago,
Crawlspace foundation houses in Miami
I just put an offer in on a house that is a crawlspace foundation and is located in Miami. I am looking to buy it as a rental income property. Most of the other houses in the neighborhood are regular foundations on the ground. I liked the house and definitely liked the roi which is around 14%.
My friend by chance spoke with another investor and told him about the house that I am buying and he said that he stays away from crawlspace foundations.
I wanted to get some more info from the bp community to see what they think about houses that are not solid ground foundations and what issues I should be aware of.
Thanks!