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Foreclosures

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Nick S.
  • Algonquin, IL
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foreclosure property - new "septic tank and field"

Nick S.
  • Algonquin, IL
Posted May 10 2018, 20:31

i have been looking at my first property to hopefully flip (or rent as an exit) and i found one that was high on my list. the property uses a well (not public water), so a septic tank is required/needed. after talking to neighbors, they told me about how the property would reek. they concluded that the property needed a new septic tank and field in the backyard, which could cost somewhere around $15k. can anyone who is familiar with this explain this repair? the property already needs $10-15k according to my dad, who is a general contract, so an extra $15k will not help especially given the low offer we would have to give on a competitive property such as this. thanks.

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