All Forum Posts by: Jack Saunders

I flipped a home and sold it a couple of months ago.  Everything was permitted correctly and done by the book.  The buyer has had issues with the toilet gurgling when flushing.  The home has all new plumbing and the plumber went back to check everything and stated the septic line must be clogged.  I bought the home as is but a new septic system was installed in 2019, I have the county record on it.   The new owner had it checked out and it ended up being the septic line from the tank to the house was never done 🙄.  The fix was 6k in repairs, they called the county as the septic was passed based on permit.  Now the county is threatening to take the General Contractor license unless the money is reimbursed 😳!  

Has anyone dealt with kind of issue?  I don't think it's worth trying to sue the county over 6k, it may cost more in legal fees.

This was my first flip and it has been a school of hard knocks. 

TYIA

Hey there @Jack Saunders!  I've been in similar types of situations here in Chicago and for me it's always better to reflect on my lessons learned and to move forward.  VELOCITY OF MONEY is something that has taken me a long time to learn...closing jobs out (Even at additional cost) and getting to the next one is more important for us NOW after having some old projects suck the life out of us.

The fact that the county is threatening to take away the general contractor's license honestly SOUNDS ABSURD! Is it your license or you hired a GC and the county is threatening their license?

How much better will your next flip go after your school of hard knocks?  

I have replaced many septic systems in my younger years . Unless we were asked and were being paid extra , we never replaced the pipe going into the tank from the house . 

Hey Jack! I did my pre-licensing classes online through TravTALKS, he is an extraordinary teacher and NC native in the Triangle area. They offer day and night classes during the week and on weekends. They structure the class very well and offer lots of tools that help in learning the class material. If you don't mind, I'm also relatively new to the investing side of real estate, and I've been thinking about acquiring my first rental property. What advice would you give a 21-year-old looking to start investing in real estate? 

 Welcome to bidding in North Carolina, dropping this thread in here too.

https://www.biggerpockets.com/forums/921/topics/1162715-due-...

I vented my case, and it's pure ******** for this market. I'm in your boat and know many an investor who  are totally fed up with it, too. There'll be a change if we are loud enough. Texas has it too but you don't cough up a few thousand, it's all in the $100-$500 range max.  It's the biggest scam in the transactional aspect of real estate.

I'm not aware of any law that requires you to hire a professional inspector. I've purchased several properties that I inspected by myself. 

Caveat emptor = buyer beware

Is NC one of the states that has non refundable option money? Is that what you are referring to? 

The other things you choose to pay for, inspector, termite inspection etc those are your choice...and you can just skip them and close eliminating the concern about option money.