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I looked at a home that as built in 1929 yesterday. It's price is very comfortable for me, and the yard was very nice. The kitchen, however, is gutted and kind of odd shaped. I drew out a layout in paint, and have a couple pictures. Does anyone have any experience with a layout like this...

Well, the house is selling for 171k. Id have to put about 20k into it for repairs, minus the tax credit, so about 12k out of pocket. Id also have to remodel the kitchen and bathroom, so another 12k if I go budget with Home Depot/Lowes. This puts me about 195-200k into the house. There are...

Yeah, I guess I need to trust that the market isnt changing anytime soon and I might be able to make that $8k I missed on the credit by falling prices. I suppose I need to get less attached to this house and look at it as a money making opportunity, rather than dumping all this money in and...

Still in a battle with these guys. This is so stressful. These guys wont budge on replacing the boiler and oil tank. They offered me a home insurance plan they would pay for, for the year. Its $490 dollars. The plan, I see, only covers up to $1500 of repairs, doesnt pay for the repairman, and...

Agreed 100% on the "fixing". I'm not counting anything they said as actually being fixed, and am going to ask for atleast 6 grand off the house. I wouldnt trust the oil tank as it sits now, so that needs to be replaced. I think they only tried running the furnace and didnt fix anything. I'm...

Well, we signed an agreement that was contingent upon inspection. I talked to the owners, they will not replace the furnace or oil tank. They had someone go out to "Fix" the furnace (not sure what they did, but apparently got it working. Its 50 years old so more than likely will need...

Oh ok, that makes sense. I wasnt sure if it was a question or a statement. Thanks for the guidance, Matt and Wazzut. I do like the house quite a bit, but Im also looking at a 5 year exit plan on it, so I dont want to dump all this money into the house only to break even or worse. Its just, the...

What do you mean?

I recently agreed to purchase a house in a nice location in a town I wanted to live in. The house is 1,090 sq ft ranch on about 1/3 acre. After inspection, I found that the coil in the furnace needs to be replaced, but the furnace is from the 50s and inspector said I should replace the whole...