Podcast

98. Lost 6 Figure Deposit with Bob LaChance

May 11, 2026

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This week on House of Horrors, I’m joined by Bob Lachance, a former pro hockey player turned investor who shares how he lost $150K on a knockdown rebuild in Greenwich, CT and what it taught him about trusting partners, doing due diligence, and not falling for “can’t-miss” deals. We also dive into a shady property management horror story and how Bob uses VAs to scale smart.

In This Episode You’ll Learn:
– The hidden risks of joint ventures and handshake deals
– Why legal costs aren’t always worth the fight
– How to properly hire and vet virtual assistants

💌Connect with Bob La Chance

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EPISODE TRANSCRIPT:

DISCLAIMER: Although Bonnie is an attorney she doesn’t give legal advice without a written and dually signed engagement agreement. All episodes of House of Horrors are educational and informational only. The information discussed here isn’t legal advice and isn’t intended to be. The information you listen to here isn’t a substitute for seeking legal advice from your own attorney 

© 2021-2026 Bonnie Galam LLC | All rights reserved | Any use of this intellectual property owned by Bonnie Galam LLC may not be used in connection with the sale or distribution of any content (free of paid, written or verbal), produce, and/or service by you without prior written consent from Bonnie Galam LLC

AFFILIATE LINKS: Some of the links we share here may be affiliate links, which means we may make a small financial reward for referring you, without any cost difference to you. You’re not obligated to use these links, but it does help us share free resources like this podcast. Thank you for supporting us!

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I'm a self-managing landlord, generational wealth evangelist, self-education obsessed course creator, automation avenger, book worm, Sixers fan, semi-retired real estate attorney and momma to three tiny hummusapiens. 

I believe that time is the most valuable currency, but money is a close second. I fight against the bad rap landlords get while still pushing the industry to improve. 

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House of Horrors

Each week you'll get spicy episodes...
  • Breaking down real estate investing horror stories
  • Learn from other investor's mistakes
  • Get Actionable property management & legal tips
  • Honest transparency of someone with you in the trenches

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This is not a law firm. Nothing on this site should be construed as legal advice. Bonnie does not provide you or your company legal advice. We simply provide legal information and education for you to customize and use on your own and have reviewed by your own local attorney. Bonnie is an attorney licensed in NJ and PA, but is not practicing law or establishing an attorney-client relationship with you, ever through Bonnie Galam LLC. Some states may consider this attorney advertising (although it isn't intended to be). Thank you!

This is not a law firm. Nothing on this site should be construed as legal advice. Bonnie does not provide you or your company legal advice. We simply provide legal information and education for you to customize and use on your own and have reviewed by your own local attorney. Bonnie is an attorney licensed in NJ and PA, but is not practicing law or establishing an attorney-client relationship with you, ever through Bonnie Galam LLC. Some states may consider this attorney advertising (although it isn't intended to be). Thank you!

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