Hey jweg,
Unlucky about your issues with maintenance and restumping but as you said you are learning new things all the time. No doubt I have these obstacles and learning curves ahead of me in the future. But hopefully if you for a building inspection and all major items were fine this wouldn't matter. As I said the more likely goal is to hold for 10 years then demolish and build a duplex. So I wouldn't buy unless extent of maintenance was cosmetic reno with a few paint jobs and minor things. Really just want to keep it to a bare minimum except fresh and clean. And ultimately the real value in this 190k at least 160-170k would be land value. So as long as the house is liveable and structurally sound. Hopefully there would be no big ticket maintenance costs you are making $240 from a 20-30k house. I guess it comes down too good DD and a bit of luck. No doubt one day I will be saying on this forum I have been caught out by something too haha
Unlucky about your issues with maintenance and restumping but as you said you are learning new things all the time. No doubt I have these obstacles and learning curves ahead of me in the future. But hopefully if you for a building inspection and all major items were fine this wouldn't matter. As I said the more likely goal is to hold for 10 years then demolish and build a duplex. So I wouldn't buy unless extent of maintenance was cosmetic reno with a few paint jobs and minor things. Really just want to keep it to a bare minimum except fresh and clean. And ultimately the real value in this 190k at least 160-170k would be land value. So as long as the house is liveable and structurally sound. Hopefully there would be no big ticket maintenance costs you are making $240 from a 20-30k house. I guess it comes down too good DD and a bit of luck. No doubt one day I will be saying on this forum I have been caught out by something too haha