ILAB 97 – When Buying a Starter Home Goes Terribly Wrong – Chris Harrison

“Then we moved in and things start to go wrong”

Chris Harrison

Chris Harrison and his girlfriend just got their new home. But, instead of cutting down expenses from renting, they spent more on fixing the house they just bought. While the inspection went perfectly well, they discovered so many shortfalls few days after they moved in. The house failed in so many aspects that the couple had to take legal action against the people who apparently ripped them off.

On this episode, Chris shares the appalling experience of buying their first home. He enumerates the flaws they discovered in the house including the electrical system, the plumbing, and the termite infestation. He sheds light on the idea of buying a starter home and gives his takeaways from the experience that will surely help those who are planning to buy their own house.

Listen to ILAB 97 on iTunes here or subscribe on your favorite podcast app.

ILAB 97 Show Notes


Where we are:

Sam & Chris – Florida

Johnny – Ukraine

 

Discussed:

ILAB 96 – 6 Keys to Protecting your Properties from Lawsuits with Scott Smith

 

Recommended:

ArtofFX – start with just a $10,000 account (reduced from $25,000)

Fundrise – start with only $1,000 into their REIT funds (non-accredited investors OK)

Wealthfront – get your first $15,000 managed free

 

Time Stamps:

07:08 – How they decided to buy a house

09:03 – What went wrong in the house

15:36 – The good-for-nothing inspection

17:05 – How did he find his Realtor?

21:21 – The process of buying a house

23:12 – Taking legal actions

28:34 – What are they going after in the lawsuit?

31:51 – Recommendations on getting your house

33:55 – The mortgage process

35:51 – His takeaways from this unfortunate event

 

If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!

Copyright 2017. All rights reserved. Read our disclaimer here.