97: When Buying a Starter Home Goes Terribly Wrong - Chris Harrison
Invest Like a Boss
Sam Marks Johnny FD Derek Spartz
4.8 • 518 Ratings
🗓️ 3 July 2018
⏱️ 72 minutes
🧾️ Download transcript
Summary
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.
Where we are:
Sam & Chris - Florida
Johnny - Ukraine
Discussed:
ILAB 96 – 6 Keys to Protecting your Properties from Lawsuits with Scott Smith
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
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Transcript
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| 0:00.0 | Hey bosses, this episode is brought to you by Personal Capital. Keep track of your net worth at |
| 0:04.6 | Invest like a Boss.com slash personal. Welcome to the Invest Like a Boss podcast. I'm Sam Marks |
| 0:10.7 | and I'm Johnny FD. We're self-made entrepreneurs who invest our own money and use modern |
| 0:14.5 | technology to invest like a boss. Join us each week for exclusive interviews with our network |
| 0:18.6 | of modern investors, business owners, and multimillionaires to discover new ways to invest our hard-earned cash. |
| 0:25.4 | Hey guys, this is Johnny and welcome to episode 97 of Invest Like a Boss. |
| 0:29.5 | I'm here in Odessa, Ukraine, Sam's in Tampa, Florida. |
| 0:33.4 | We're about a meetup by this next episode. |
| 0:35.8 | So I'm excited. |
| 0:36.8 | Summer Siesta, buddy. |
| 0:38.1 | Summer siesta. |
| 0:38.8 | We already told the boss lounge and everyone, all of our listeners that would be |
| 0:42.2 | taking the summer off, only doing one episode a month. |
| 0:45.3 | But we've actually had a pretty good churn out recently. |
| 0:48.8 | We're almost back to every week. |
| 0:50.7 | But we're bringing in some fun episodes. |
| 0:52.8 | It makes it a little bit more summer manageable. |
| 0:55.9 | Yeah. And I think this week's episode is going to be fun to talk about because it's all about |
| 1:00.5 | how not to buy your first home. In fact, we're calling this episode when buying a starter home |
| 1:07.7 | goes horribly wrong with Chris Harrison, my good buddy. So how do you know |
| 1:12.8 | Chris? Chris is in the office. He works for one of the companies I'm involved with here in Tampa. |
| 1:17.9 | And he was living near the office and he's in a relationship now decided to buy a new home. |
... |
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