To DFW TZLC group: My current project.

Hi, DFW TZLC group

This is posted to the group message board. fell free to read/comment: http://groups.wenxuecity.com/discussion.php?gid=1063&pid=12292


Just want to share a project I am working on.

A house at 75023. Listed at $99k, and reduced to $84.9k. (rent comp shows $1100/mon) tax value $104k. (1300sf, 3bd/2bath)

My realtor called me two weeks ago. The previous buyer backed out (contract price at $76k) due to foundation issue. I looked at the house and jumped in. Offered $67k and counted from bank for $70k. The foundation repair cost is about $3550 and other repair about $4k.

The deal will close by 4/12.

Any comments are welcome.

所有跟帖： 

• Looks like a good deal. What year built? It is better to avoid h -EgretIslet- ♂ (109 bytes) () 03/23/2010 postreply 08:35:58

• What about lead problem before 1978? -planotx- ♂ (141 bytes) () 03/23/2010 postreply 08:57:20

• There is a new regulation of lead paint issues for rental proper -EgretIslet- ♂ (333 bytes) () 03/23/2010 postreply 09:13:14

• does this include houses built in 1978? -清问- ♀ (229 bytes) () 03/23/2010 postreply 11:15:07

• does this include houses built in 1978? Yes, 1978 included. -EgretIslet- ♂ (0 bytes) () 03/23/2010 postreply 15:12:40

• My realtor also told me there will be about 15-20% down for hous -EgretIslet- ♂ (251 bytes) () 03/23/2010 postreply 09:20:03

• Thanks for the info. The house is 1972. I will take a look -planotx- ♂ (2 bytes) () 03/23/2010 postreply 09:40:19

• good deal. I will go for it. -比花花还花- ♂ (69 bytes) () 03/23/2010 postreply 11:24:31

• Thanks! I will. -planotx- ♂ (0 bytes) () 03/23/2010 postreply 12:00:32