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Rehabbing & House Flipping

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Steph C.
Pro Member
  • Real Estate Investor
  • Bristol County, MA
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153
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MA Title V (5) Septic Costs and Rehabs

Steph C.
Pro Member
  • Real Estate Investor
  • Bristol County, MA
Posted Apr 15 2010, 11:57

Hi Everyone,

For those that flip and rehab in MA, I have a question.

Most of the properties we're looking at to rehab have a septic system. Even ones with newer systems always seem to "fail Title V." :lol:

Anyway, I've been having difficulty finding deals for homes with septic systems because you have to budget in anywhere from 10 to 35k, depending on the house size. Most REOs obviously won't fix the septic to when selling.

We have experience with replacing a septic system - when we bought our first house (HUD home) a while back and our septic was on the lower end of the price scale, but it was a smaller home.

We've been trying to look at houses with city sewer to eliminate this cost, but it does lessen the available properties.

Any thoughts?

Thanks,
Steph

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