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Pastimes : Don't Ask Rambi

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To: Ilaine who wrote (24282)5/11/1999 8:42:00 PM
From: Ish  Read Replies (2) of 71178
 
I'm not Gaugie but I'll give you an opinion.

No matter what you buy you will have problems and questions. Don't trust what the owner looks like, get someone who knows real estate to look at the property. A perfect paint job may mask a wet basement.

<<If we wait for the foreclosure sale on the Yellow Brick Elephant, and don't get it, this place will be gone. But we could maybe get the Yellow Brick Elephant for much less, perhaps $190,000. >>

That's good.

<<And it's only got 1/3 acre, >>

So you have how many horses? Let the dogs crap on the neighbors yard.

<<And there is the water damage. So it's flawed. But more romantic.>>

Romantic your ass. That water damage is a real red flag. Get two contractors who are not connected in anyway with the property to tell you what's wrong. A flooded basement ain't romantic as is peeling wall board.

Paint, paper and yard don't seem to be a problem. Check out the structure. I almost bought a property that had 30 acres, 5 bedrooms and an in ground pool taht they spent $350 large on for $120 large. The cost for fixing it was $400 large. Not worth it. The structure was shit.
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