All Forum Posts by: Danny Webber

lower cost, positive return monthly, min maintenance upon purchase, location does not matter

or

needs lots of rehab, really low cost, positive return monthly, location does not matter

OUCH.... the mere title hurts to read.I am not an attorney but from my personal experience..... Texas

Legally you are responsible to pay these guys if the GC does not. You can fight it via attorney and go after the gc legally via a couple of different statutes or court but in the end if they (Subs) provided services that the homeowner benefited from you will normally have to pay and seek recourse from the GC if possible. 

The sub can file a lien on the property which does not matter until you refi or sell the property. I would call Alan Ceshker, Attny in Austin to see if he can help. 

Hopefully everything with the GC is in writing. This is all my opinion (legal disclaimer)  Good luck!

All day long!

nice job

nice

@Victor S. You will take all of the excitement out of digging if you get utilities marked first! 

I would look at the mls and dom to see if the market is still hot on a year to year comparison. That would determine what direction i go in.

omg.... i would def expose the broken pipe and get a plumber to fix that part and call it good. Hire a laborer to expose. 

That makes things much easier. I would guess total cost of under 1k easily if you do that. I normally do the repairs myself because it is very easy if the pipe is exposed. 

Welcome!

150-200k will not get you much as a traditional rental in the area. I would consider either stepping out some in distance or looking for BRRR properties using private money to get started.

scope the pipe, find the leak via camera, mark the floor, repair the leak directly under the slab, keep the rest of pipe

bust the hole up yourself or with labor to expose the broken pipe then pay a plumber to do the repair, you back fill the hole with dirt and do the concrete patch, you do the flooring repair

I've done this numerous times. Expect to pay under 2k which is a high estimate IMO. You don't pay plumbers to dig, you pay plumbers to do plumbers work......

My humble opinion