Tuesday, December 28, 2010

Buying a Rental

We killed the deal to buy the house we were hoping to rent out after the copper pipes were stolen and the bank was completely unreasonable.  The house was back on the market 6 hours after we informed them we were walking away.  It went back on the market for less than we offered even if they'd fixed the plumbing.

So, we offered $9,000 less than the new asking price and made our offer contingent on fixed plumbing.

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