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All Forum Posts by: Fabian G.

Fabian G. has started 10 posts and replied 32 times.

Post: Polybutylene Pipes in home

Fabian G.Posted
  • Windermere, FL
  • Posts 35
  • Votes 4

@Stetson Miller Thanks for all the feedback. Interesting enough, in Lee County where you are, there is a line item for Poly-B lines in the sellers disclosure. In Collier county where I am, there is not. 

Post: Polybutylene Pipes in home

Fabian G.Posted
  • Windermere, FL
  • Posts 35
  • Votes 4

@Stetson Miller the previous home inspector is still in business. He has chosen a cop-out answer and is just saying that the opinion on polybutylene piping has changed since he did the inspection four years ago. I am not sure why anything should have changed since it's not used anymore after 1995 and there was a $1B lawsuit in 1999 plus it's not in the building code anymore since 2007 or so. From my perspective, nothing has changed and it was his failure too not disclose the risks accurately in the inspection report. 

Does anyone know a good lawyer for these cases because I want to get at least on opinion if it's worth pursuing a lawsuit against the inspection from 4 years ago. 

Thanks!

Post: Polybutylene Pipes in home

Fabian G.Posted
  • Windermere, FL
  • Posts 35
  • Votes 4

Thank you! I think the problem are the vastly different statements in the inspection reports. If it would have been similarly mentioned in my report, I would have of course pressed for a discount or to replace it. Also, all the homes here in the area have these pipes that were build somewhere between 1982 and 1995. The condo I own was build in 1992, so right on the edge. 

Post: Polybutylene Pipes in home

Fabian G.Posted
  • Windermere, FL
  • Posts 35
  • Votes 4

Hi, 

I bought a condo about 4 years ago and lived there until recently. Given the massive price increase an my area (Naples, FL) and the restrictive HOA when it comes to rentals (not more than 6 months, has to be re-approved every 6 months, no animals allowed for renters and more) I decided to sell the condo.

Long story short, it has Polybutylene Pipes. So I went back to my inspection report and the guy who did the inspection only noted that it might be an insurance concern. That's all. Didn't even make it a big deal or flag this item. Now four years later in the inspection report from my buyer a more dramatic statement is made: "Polyethylene Plumbing Supply Lines have been known to to be randomly defective and can rapture without notice" and the buyer wants me to replace the Polybutylene Pipes in the condo. I feel like the home inspector that did my inspection should have made a similar statement since Polybutylene Pipes are not up to code anymore since 2007 (I bought the condo end of 2017). To replace all the pipes will be between $6k and $9k

Any feedback and recommendations on what I can best do would be appreciated. 

Thank you!


Best,

Fabian

Post: Insurance Broker for Central Florida

Fabian G.Posted
  • Windermere, FL
  • Posts 35
  • Votes 4

Hi @Shawn McCormick, thank you so much, I will get in touch with her!

Post: Insurance Broker for Central Florida

Fabian G.Posted
  • Windermere, FL
  • Posts 35
  • Votes 4

Hello, does anyone have a recommendation for a good insurance broker in Florida? Most of my properties are in central Florida / Orlando area. Thank you so much!

Post: Investing in Labelle, Florida

Fabian G.Posted
  • Windermere, FL
  • Posts 35
  • Votes 4

Thank you so much for the feedback, Alvin and Stetson!

Post: Investing in Labelle, Florida

Fabian G.Posted
  • Windermere, FL
  • Posts 35
  • Votes 4

Hello,

Does anyone have been in Labelle, Florida lately? It's roughly 40 minutes east of Fort Myers. Looks like a lot of new developments are going up there, rents seem to be reasonably high. A bit remote overall but when it develops over the next couple of years possibly great rental opportunities and good potential for appreciation.

Any feedback / opinions would be appreciated. 

Cheers

Hello Meghan,

I am out of town the next couple of weeks and can't show the property on my own. Trying to avoid to many weeks of vacancy. 

Hello everyone,

Does someone know a good property management company in the Orlando area having the option to select and place a tenant without signing up for a property management contract?

Many thanks in advance.