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Results (2,616+)
David Cole What Could Go Wrong?
29 June 2023 | 10 replies
Here is what I have so far:At any time before, during, after investment:I or any of my team unexpectedly dies, becomes seriously ill, or injuredAn impassable disagreement occurs between any 2 parties of the investment teamA member of the investment team fails(for any reason) to uphold their agreementBefore purchase:Incorrect property valuationInability to secure financing after earnestDuring Financing and purchase:Loan executor fails to follow through with the loan.Loan executor misleads or baits me with incorrect terms and conditionsSeller withdraws contractSeller tries to renegotiate contractSeller withdraws agreement to carry loanTitle issuesDuring rehabilitation:Cost overrun - If the cost to complete a rehab exceeds the estimated cost budgeted.Time overrun - If the allotted time to complete a rehab is exceededUnforseen issues - if issues arise due to unknown/hidden problems, termite damage, mold, etcProblematic Contractors - Contractors that want to increase the bid midway through the job, fail to pay their employees, don’t show up when scheduled, fail to consistently clean, low or no skill, do poor work, fail to carry proper insurance, do not use agreed upon materials and/or finishes, use the “you can’t see it from my house” methodology, dress and/or act not in accordance with accepted job site standards, live or sleep at the job site, steal materials, supplies, and/or tools, attempt to undermine my relationship with my real estate team including agents, investors, other contractors, clients or potential clients, places lien or sues, dies or is seriously injured during project, experiences major life event that prevents or hinders their ability to continue, contractor or their employee dies or is seriously injured on the property, gets OSHA or other governing body violation(s)Code Violations - Red flagged for failing to obtain proper building and/or work permits prior to beginning project, overgrown vegetation, etcProblems Specific to Rental Properties:Tenant does not pay rent or pays lateTenant does not pay utilities/trash serviceTenant causes damage to propertyTenant does not take care of maintenance and/or cleaning of propertyTenant smokes or has pets when these things are not allowedTenant makes unauthorized changes to the property, ie painting walls, removing landscaping.Tenant allows others to move in without adding them to the leaseTenant misused the property, ie drug lab, melting plastic in the oven, spray paint graffiti on shed, parks in unauthorized zones such as the grassSomeone injures themself while on propertyHouse fire, floods, other natural disasterMajor maintenance issues such as roof replacement, appliance malfunction, plumbing leak, etcTenant violates city code, ie noise ordinances, trash and debris in yard, etcUnavoidable costs such as normal wear and tear include failing appliances, scratched/scuffed wood floors, dirty paint, worn carpet, etc.After rehab:Property does not appraise and/or sell/rent for expected ARVInterest rates go higher than expectedProperty tax increaseStricter laws are put in place that prevent finance/refinanceThis is all that I could come up with.
Timothy Burns How to approach Lease Violations--Rookie First Timer Landlord
30 June 2023 | 41 replies
Glad I did the inspection despite it being uncomfortable, because I found a few other issues that need to be addressed. dishrag and plastic straws in garbage disposal and continuing to unplug the sump pump despite being told not to. 
Patrick Connell Lease Clause - What is Your Favorite Clause? [List]
14 June 2014 | 45 replies
I go over and find that the wife has hooked the disposal up, then shoved plastic bags in the washer drain and the disposal was pushing the water out the roof vent!
Carol Venolia Eliminating dog pee smell
9 July 2017 | 18 replies
I could spend hours telling you horror stories about pet damage.I have vinyl plank  in one of my units - my concern is that although each individual plank is waterproof (it IS plastic, after all!)
Todd Whiddon Diary of a POP TOP Second Story Addition Project
21 February 2020 | 171 replies
Our slab guy didn't install a ground rod in the slab, so we had to ground it outside the slab and it took some discussions between them.Also in 2015 a LOT of electrical codes changed, we've run into this issue on several projects the last few weeks where even though our permits were pulled in 2014 and technically the new codes shouldn't be enforced, the inspectors are enforcing them anyways, so some other nitpicky stuff like installing plastic wire holders instead of using staples and having to mount sconce and pendant lights to the structure instead of leaving wires in the walls had to be addressed.  
Mark A. How will the claim affect my insurance coverage?
2 July 2023 | 2 replies
In 2021 I had to file a claim for a property because of a faulty plastic piece connected to the toilet.
David Smith Asbestos wrapped pipes = ok?
10 February 2022 | 6 replies
Wrap them in 3mil plastic and duct tape the ends.
Alazar Wubet Lead based paint in Washington D.C
9 July 2023 | 4 replies
Covered in plastic with negative air flow pressure sucking any dust away.
Matthew Herrera Aspiring RE Investor from Longmont, CO
25 February 2019 | 7 replies
I am willing to look outside my area and am determined to make this happen.I currently work in the plastics industry and make a very decent living but have realized during the past few years that i need to continue to move forward for my kids and our family.It took a lot of courage to finally introduce myself but i know that these forums can open multiple opportunities and i will fight through all my personal hang ups to make this happen.
Mike Watkins Show 108 Guru?
10 February 2015 | 35 replies
Or you can get a plastic water bottle for $29.