Foundation Repair Insights for Real Estate Investors with Bob Brown

Passive Wealth Strategy Show - Real Estate for Busy Pros

What are the biggest risks when dealing with foundation issues, and how can real estate investors avoid expensive problems?

In episode 712, host Taylor Loht sits down with Bob Brown, a foundation repair expert who built a successful foundation repair business and invested in residential and commercial properties along the way. Bob shares how investors can arm themselves with knowledge when dealing with potential foundation issues and foundation contractors. He emphasizes the importance of seeking the advice and guidance of an independent, forensic engineer before approaching contractors. Bob also discusses the various technologies and solutions used in foundation repair, including foam, helical piers, and compaction grouting. Throughout the interview, Bob explains the importance of making informed decisions based on expert advice rather than relying on the opinions of foundation repair salespeople.

[00:00 - 03:51] Understanding the Foundation Repair Industry

• Bob Brown’s background in foundation repair and property investment.
• The role of foundation health in real estate investment.
• Misconceptions about foundation repair and the importance of expert assessment.

[03:52 - 10:43] Diagnosing Foundation Problems Correctly

• The necessity of having a civil engineer diagnose foundation issues.
• Challenges in finding unbiased assessments from contractors.
• The difference between engineers and sales-driven contractors in foundation evaluation.

[10:44 - 13:00] Economic Viability of Foundation Repairs

• Cost considerations in repairing vs. demolishing structures with foundation issues.
• Bob’s experience with large-scale foundation repairs and their economic implications.
• Identifying how bad the foundation damage is and how easy it is to fix.

[13:01 - 22:58] Advanced Foundation Repair Technologies

• Evolution of foundation repair technologies and their application.
• The benefits and limitations of using foam for leveling slabs.
• Comprehensive solutions for underpinning and soil stabilization.

[22:59 - 26:38] Questions Round

• Book: Foundational Repair Secrets by Bob Brown.
• Recommendations: Cosmos by Carl Sagan.
• The importance of eating, sleeping and exercising well.

Quotes:

"If you're doing those things and you're not an engineer, you're practicing engineering without a license." - Bob Brown

"Exercise, get the right amount of sleep, and eat right." - Bob Brown

Connect with Bob Brown:

Website: https://foundationrepairsecrets.com/

Apply to Invest with Taylor at www.investwithtaylor.com

Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com

Please leave a review and help others escape Wall Street and build wealth on Main Street!