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Updated almost 5 years ago,

User Stats

52
Posts
19
Votes
Jason Foy
  • Investor
  • Sartell, MN
19
Votes |
52
Posts

Installing new water main

Jason Foy
  • Investor
  • Sartell, MN
Posted

I have my first rental house under contract with earnest money in escrow. I have Been working hard to check off as many things as i can. One of my biggest concerns is the property is on a well / sand point. And city sewer. I contacted the city to ask what it would cost to add a water line to the home. They said they can only answer that to the homeowner. I then told them i have the property under contract with money in escrow during my inspection period, and i am trying to estimate out any major fixes. I have not heard back yet from the city utility office.

1. Can only the city put a water main in, or do i use a licensed plumber. If the city does could i have them put it on the property taxes and pay it off over a few years.

2. If i cant get a price or solution should I assume worst case for negotiation ? I could be drilling a new well thats upwards of 15k + any filtration needed to ensure water is safe to drink.

Contract is 30k

ARV is 50k

Inspection is this afternoon to figure out repair budget

Thank you

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