Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 4 years ago,

User Stats

8
Posts
2
Votes
Maria N.
2
Votes |
8
Posts

Seller kept major problems from me.

Maria N.
Posted

Bought an old multifamily last month that passed the inspection with flying colors. I mean, as with all houses, there were a few things here and there that needed to be fixed, but nothing major.  It was my first purchase, and I had no idea I needed to inspect the plumbing separately.  Everything seemed to be working fine.

This week, the tenant tells me the sink and bath are clogged.  I bring a plumber in, he unsuccessfully tries to snake it, then tells me this is really bad, the house needs repiping.  It will cost anywhere from a few thousand to $10,000.  They won't know til they're in there.

Tenant later tells me the previous owner knew of this and brought a handyman 3 different times but didn't solve the issue.  They would temporarily get the drains to work and then the issue would pop up again.  Tenant said the handyman told the owner the situation is really bad and needs a lot of work to actually fix.

I'm glad I have emergency savings for this but I had no idea I would have to tap into it so quickly.  I feel like I made a huge mistake.  My lawyer said the seller was legally supposed to tell me and if I had proof that he knew about these issues I could sue.  But I don't.

Has anyone else been in a similar situation?  It really freaking sucks, and I kind of feel like an idiot.  Trying to look at the brightside, I learned a lesson, but who knows what else will pop up.

Loading replies...