The agent plans to drop the price $500 or so every other week or so, in part to push it to the front again.

When I bought the place I had the water checked out - tested fine.

If you want to make some money while the snow drops.

Then I must deduct all property taxes, water/sewer fees and liability/hazard/fire/flood/hurricane insurance.

In some areas you may have a hard time selling unless it meets CURRENT code, among which every outlet in kitchen and bath, not just the ones close to water must be GFCI.

He just couldn't understand why that house dropped in value.

Or if it gets nasty run up the water bill :mrgreen: I don't recommend that.

Being successful at rehabbing requires extensive experience in multiple different areas.I would rather recommend focusing on ways to build up some of your capital and learn to swim in the shallow water before you jump into the ocean.Wholesaling, birddogging, lease options, subject to's, contract for deeds, and owner financing are all ways to start with little or no capital.

If you pull some more equity out of your primary residence and can pay it down to an 80% LTV (if you have any left) and the rate should drop dramatically.With an 80% LTV you could get an interest rate around 6% and an I/O payment of about $760 plus taxes and insurance.

One final point as we all wait for cranes to drop out of the sky and building to erect themselves: The TIF, or as known here TIRZ, was just passed.