Real Estate Horror Stories

Tenant left a mess , $33,000 worht of mess
Real Estate Horror Stories
Richmond, Virginia
Tenant left a mess , $33,000 worht of mess

I had a long term tenant that I was able to get out finally. They faied to pay rent for June (They said they were going to leave at the end of May but they left July 8th). They left the house in such a bad shape that my contractor says it will cost me $33,000 to get it fixed. What's my recourse o...

Ohio Turnkey Nightmare - NorthCoast Consulting Group
Real Estate Horror Stories
Akron, Ohio
Ohio Turnkey Nightmare - NorthCoast Consulting Group

I've been investing in real estate for 25 years, and I've never written a post like this. But after what my partners and I have been through over the last 10+ months, other investors deserve a heads up before they wire money to the same people. The players: NorthCoast Consulting Group — Neal Wolf...

Investors struggling with their GC—let’s talk.
Real Estate Horror Stories
Investors struggling with their GC—let’s talk.

We’d like to hear from investors who are currently facing challenges with their general contractors. What are you being charged? Are projects finishing on time and within budget? And more importantly, what are the real, underlying issues you’re encountering on the ground? Comment Below

1031 Contractor Nightmare: $33K Gone
Real Estate Horror Stories
Indianapolis, Indiana
1031 Contractor Nightmare: $33K Gone

I'm posting this partly as a cautionary tale and partly because I'm running out of options—so if anyone has dealt with something similar, I'd love to hear how you handled it. Last year, I closed on a duplex where the only way the numbers made sense was if I could turn the detached garage into an ...

Suing the builder
Real Estate Horror Stories
Suing the builder

Hi all, I don't know exactly why I'm writing here, maybe just desperation. But we're going towards a lawsuit of the builder we'd hired for 2 Single Family ground-ups in SWFL, where we had taken an additional site to planning and bought another 2 lots for scaling. The builder has done severe contr...

Flip Gone Wrong
Real Estate Horror Stories
Flip Gone Wrong

I had a property I was flipped upstate NY. It looked amazing on paper, but the struggle of finding reliable contractors in the area was a killer. I had to pay extra to have my usual guys from Long Island go a few hours away and stay at this house. It hurt my bottom line a little but it was still ...