All Forum Posts by: Dave Fontana

Joey,

I was a building contractor for  25 years. I WOULD NOT FIRE HIM. By firing him your letting him off the hook. First off, the engineer he hire is hopefully, licensed and insured. I would assume that the contractor himself is licensed and insured. 

I think you need to have a list of corrective made up by your engineer. The contractor needs to do the corrective work under the supervision of your engineer, at his own cost. Cost of engineer supervision and construction. At this point he either does the work or he quits. He'll most likely quit. 

Now, you have a very solid claim against him. Defective work, abandonment and breach of contract.

Him quitting after he screw everything up is much better than you firing him!!

Than, you can go after the contractor and his engineer.

I have never seen a building that was un-repairable.  I love to build condemned buildings. There the best deals and can always be fix. I have done 3 in the last 4 years.

@Brent Seehusen

YOU'RE THE MAN!!

@John Hickey

John this was the back house before. I just posted an after picture of the front house.

Here is the after picture of the rear house. The cure to cancer was growing in this back house. The mold was a fuzzy blue-ish white.

@James Wise

WOW!! I wish I bought in Ohio!! I would be all over the 24 Units.

This was a buy and hold i did in 2012. There are 2 buildings on this property. This was the nicer one.

A tiny house would be the equivalent of a mobile home. 

I just asked my architect the same question. I have a great property in Staten Island NY. I want to put 3 container homes there. That was the answer I got. I would ask a local architect. 

Camera's work for me. I bought a duplex 4 years ago. Motorcycle gang move in across the street last summer. My two tenants move out. I pruned the tree out front and installed four camera's. The gang was gone 2 months later.

Eric, I invest in Staten Island. There are much better deals here. Depending on your investment model. Did your deal analysis include taxes, insurance, repairs and maintenance?

I think, if you don't really want to sell than don't. If the developer wants it today he'll want it tomorrow.

I think the fact that the driveway is there is almost irrelevant. I would saw cut at the property line and put a chalk joint in. I would tell a bank that its not your driveway, because theoretically its not. But "we're using it because the owner hasn't said not to."

At the end of the day its not your driveway, If it is on someone else property, i wouldn't even break it up. The only thing you can do is saw cut the concrete at the property line. If you did break it, you may end up in a lawsuit for breaking it.

I would look at it for what it is. My neighbors driveway. Negotiate concrete and saw cut money from the seller. Install the car port in the front. When the owner of the adjacent property comes, he can do what he wants with it.

I bought a property with a fence in the wrong location. I know it when i bought the property. My neighbor never say anything about it. He sold the house last year. The new owner went nuts, but he also know the fence was in the wrong location when he bought his property.  I told him if he want to move the fence, he had my permission, but i wanted a surveyor the set the marks. He never moved the fence, he didn't want to spend the money. The fact that i didn't argue with him satisfied his ego. 

We are professional investors, it is our job to deal with and correct these types of issues. That is why we can buy at a discount and sell at retail. (or barrow at retail numbers.

I hope you don't pass on this deal for this issue. Speak with your attorney about what I have written here. I think he may agree.

Good luck!!