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Updated 11 months ago,
Could/should the seller have disclosed this to me!?
Hello all, I’m new to world of real estate investing and just closed on my first multi family property in October of last year.
I recently discovered a leak in the basement coming from my 1st floor toilet. It seems like the previous owners or manager used a piece of metal to cover up that leak since the metal was rotting of water. After a plumber repaired the leak, he told me that the plumbing System did not have ventilation. He would have to break through the wall and add a ventilation system. Which would cost over 5k. None of this was disclosed to me or mentioned in the inspection report. Is this simply a done deal, nothing I can at this point or is it worth bringing up to mine or seller’s attorney? Any advise would be appreciated, thanks.