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Updated over 9 years ago on . Most recent reply

User Stats

141
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14
Votes
Donald Latson
  • Newark, NJ
14
Votes |
141
Posts

Rehabbers

Donald Latson
  • Newark, NJ
Posted

Hello Rehabbers Good Afternoon,

Can you tell me about some of the mistakes you made as a rehabber, so they can be avoided, if you don't mind taking a trip down memory lane?

How about some information on some of the big ticket items.

Most Popular Reply

User Stats

142
Posts
44
Votes
Jamie Wooley
  • Investor
  • Dallas, TX
44
Votes |
142
Posts
Jamie Wooley
  • Investor
  • Dallas, TX
Replied

Always do a hydrostatic test!

My last property I had the foundation repaired and they did the leak test after.  They explained to me I could not get my foundation warranty with the leak.  Surprise Surprise, I didn't even think about under the slab plumbing and thought I knew the BIG ticket items.  It turns out there were corroded pipes and roots from large trees that had really done a number on the pipes.  I had bids from $6500-$25000.  Most were in the $17000 range.  I had to replace all of the plumbing which was cast iron to PVC.  Very large lesson learned that I hope you can learn from me and not while doing a rehab.  

  • Jamie Wooley
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