If we were late on a shipment and we caused the line to shut down, this manufacturer would back-bill us up to $50k/hr.The decimal place may be different in residential construction, but the concept is the same: If materials aren't where they are supposed to be, the builder loses money in both obvious ways (plumbing standing around with his finger in his ear)... and not-so-obvious ways (Having to reschedule things, look for materials, make phone calls, project manager going into emergency mode, subs have to be rescheduled, etc.)I have yet to see an investor who is willing to even entertain the idea that they should be backbilled $200/hr because a faucet wasn't exactly where it needed to be when it needed to be there. 

Does it matter to a lender or home insurance company if the utilities are shut off, if the furnace doesn't work, if the roof is leaking, if it had a fire.I asked my lender if they would mind if I bought a place that needs work and he told me as long as it appraised I would be fine.

Originally posted by @Jay Hinrichs:@Helen Rolls  ask the question on the AUssie version of BP  IE  propertyinvesting.comor somersoft.. both of those are Aussie sites like BP that's were you want to get your infoSomersoft doesn't exist anymore :(Does anyone know what other new forum everyone went to after Somersoft shut down?

Seller shut him down.Advertised on BP for passive investment partner to put up 20% cash and serve as guarantor, in exchange for 25% of equity over 5 years plus return of 100% of investment at refinance/resale.

The first one I just felt the rates were to high and I shut down talks with them without giving them a chance to see what else was out there?

I just shut up and moved on.  

To solve this issue permanently, the recommendation was to add a new shut off valve in the unfinished basement area by where the water meter is and then seal the ceiling up permanently.

Also currently with covid we are shut down, but lots of inquiries still from people mostly traveling from NY. 

I have no idea what the multitudes of investors are going to do, some are holding large amounts of properties that will be faced with having to shut down the strs.

And you are beyond lucky to not be on the L train - everyone is exiting all L train stops b/c 2019 they are shutting it down -- no plan fo how to get people into the city so far.I created an infographic for you for multi-famiilies only in these 3 area -- but 2 beds and 3 beds int these areas have jumped from $300k - over $1 million -- its unbelievable!!!!