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Updated over 6 years ago,
Potential deal - septic system
So my realtor approach me with this off market deal... $15k for 2 houses (same lot), but I was told it needs a new septic system — he said the owner has not gotten the septic pumped in 40 years!!! After hearing this, I thought of a complete dump!
Well a few hours later, I rode by the property and it’s not in that bad of shape - from the outside! My wife and I, if we proceeded with the deal, would buy in cash then refinance - it would add to our buy and hold portfolio.
I called a local septic guy to get an approx. price on both pumping and installing new.
My question is... who has had experience with septic systems? Good, bad, ugly?