Maybe their foundation was cracked and they are looking to pawn it off.

Armando, it sounds like you are planning to transition back into a career that you have prepared yourself well for and in which you have a great foundation to achieve your dreams.

What percentage was Electrical, plumbing, painting, foundation... you get it.If you need more info I'll be very glad to fill in any blanks as I want as fine a breakdown as I can get but will take even guestimates. :)Thanks in advance,Kevin

When we looked at it closer, we found out it needed some foundation work (piers).

Worst I've seen was a house with a sinking foundation... thought it could be fixed, turned out there was a underground stream running through the middle of the house.

A $20,000 house can have $30,000 in repairs like any other house, and may even be more likely to have those repairs.Then again, you hear more about a $10,000 foundation problem on a $200,000 house than you do on a $20,000 house.

I didn't see any mention of the foundation so I'm not sure if the foundation would need repairs as well.

saw a bank owned single fam home recently. 3bd 2bath 1500+ sq ft. in a highly desirable and developed area in Dallas. one of the best school districts. home is old, 1991 built, but everything was in solid shape, no foundation issues or otherwise. will get it inspected as well.numbers as follows:list price. 160ktaxes: 6k (500 a month)insurance: 85 bucks/moHOA: $300 a yearrent: $1,500 based on compseven at full price i should be breaking even (no cash flow) but equity buy down through monthly tenant payment of mortgage.

I dont know anything about the process of buying a home, inspections, types of loans, anything. im looking at a small double wide manufactored home in a rural area on 3 acres. it is pretty close to what i want, and in my price range(i think). the asking price is 145k it was appraised for $146000 2-3 years ago. with a current appraisel i think it will be closer to $130000. the home has been moved, is on a permanent foundation and title eliminated. i talked to a couple banks and it seems like the standard is 20%+ down on a mobile home. witch is quite a bit more than i can do.

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