Bens Property Horror Story

Published: May 14, 2017, 11 p.m.

b'ARVE Error: Mode: lazyload not available (ARVE Pro not active?), switching to normal mode\\n\\n\\n\\n\\n\\n\\n\\n\\n{"@context":"http:\\\\/\\\\/schema.org\\\\/","@id":"https:\\\\/\\\\/onproperty.com.au\\\\/bens-property-horror-story\\\\/#arve-youtube-hps5ozmbbk8659a0b2e1189b630664869","type":"VideoObject","embedURL":"https:\\\\/\\\\/www.youtube-nocookie.com\\\\/embed\\\\/Hps5OZmbbk8?feature=oembed&iv_load_policy=3&modestbranding=1&rel=0&autohide=1&playsinline=0&autoplay=0"}\\n\\n\\n\\nProperty horror stories happen to even the best investors. Today we detail Ben\'s latest horror story and how he\'s handling the stress.\\n\\nSometimes, when you invest in property, it goes horribly, horribly wrong. And today, we have a horror story.\\n\\nRyan:\\xa0I\'m Ryan from onproperty.com.au. Today\'s horror story is about Ben. You guys know him. My old buddy, my buyer\'s agent of choice. He\'s had a lot of success in property, but horror stories can happen to the best of us.\\n\\nYou guys may have heard about the Frankenstein house. If you go back with us a few years, you\'ll hear about this property that Ben had troubles with in the past in terms of council requirements and things like that. It\'s a bit of a hodge-podge house. Where do we begin? I\'ve only heard half the story. So, I\'m really excited to hear the other half and we thought that we will record it for you guys.\\n\\nSo, take us back. When did you buy this property and let\'s go into these issues.\\n\\nBen:\\xa0This story started for me. The Frankenstein was the second property that I bought. It was on the Central Coast. It was a 5-bedroom, 2-bathroom home with a granny flat. When I bought it, upstairs, downstairs and the granny flat were all rented out. Obviously, I realized very quickly that was completely illegal to do that. And so, that\'s when the saga begins. This is was what? 7 odd years ago now or so.\\n\\nThis property has been unbelievable in terms of performance. It\'s almost tripled in value in over that period of time, but it\'s also cost me so many headaches, it\'s not even a joke. But, skipping through all the stuff that\'s happened, 3 weeks ago, I got a call of a mate who\'s living in Sydney. And he\'s like, "Turn on the local news." and I\'m like, "What local news? I live in Queensland, man." He\'s like, "I just turned on the Central Coast news and I just saw your property. I think you should call your property manager." I\'m like, "Oh, shit!"\\n\\nRyan:\\xa0That\'s not a call you want to receive.\\n\\nBen:\\xa0The footage was from a crew on the ground and a helicopter type thing. Just to set the scene for where this is going. I\'ve called my property manager and she\'s like, "Yeah, I was going to call you. Something\'s come up." Effectively, the Saturday before I got the call, some police were called to the house because apparently, there was 2 illegal tenants living there that actually had a knife fight. This is how it started. I\'m like, "Where are we living now? This is a knife fight." They\\u2019ve had a knife fight and they busted up some windows and the neighbors have called the cops in and the cops have come in and must have seen some other sketchy stuff.\\n\\nSo they walked into the property and gone, "Okay, we have to come back." A couple of days later, 6 detectives rock up with the drug squad and have gone to break the door down, effectively, and have warrants for people\'s arrest in the house. During that time of knocking on the door, for some reason, the granny that has been there for 15 years catches on fire. Cause undetermined by the police and the fire department. So, no one knows how it caught on fire. Timing-wise, logic would say to me \\u2013\\n\\nThese cops have effectively gone to the end of the property and couldn\'t because the granny flat\'s on fire. So, they\'ve called 2 fire engines. They\'ve come out, put the fire out and then, they\'ve sectioned off the street. The cops have gone into the property and there\'s 8 adults living in the house, apparently, heavily drugged up \\u2013 let\'s just say that.\\n\\nThey\'ve all gone running and the police have managed to catch 4 of th...'