“Then we moved in and things start to go wrong”
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.
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ILAB 97 Show Notes
Where we are:
Sam & Chris – Florida
Johnny – Ukraine
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)
RealtyShares – try it free
Wealthfront – get your first $15,000 managed free
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
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