All Forum Posts by: Ali Gencarelli

I going to rent them. They were all rentals before my dad passed away but he let them all fall into severe disrepair. I've managed to take care of a few of the big repairs on all of them. They all have new roofs for example. 

Hi, I need some help. I have 5 properties left to me after my father passed away. However, 3 need major repairs, new kitchens bathrooms, insulation, plumbing you name it it probably needs work. I was raised in a cash house hold and we very rarely ever used credit so I have no credit because I was raised with the if you can't afford it you don't need it mentality. That being said I also have no debt. I know if I want these properties to succeed I need to change my feelings on debt but because I have no credit I'm having a hard time financing. How can I finance what looks like potentially 100k worth of work on these properties? I would prefer not to have to sale. 

I've thought about getting a credit card or a small loan to build my credit but I also have 1 property that most of the major work is done. It just needs some rather expensive finishing touches and I am out of cash. 

Thank you for your time!

Hi, 

I'm looking for some advice. I have a basement that floods everytime it rains. I've tried a sump pump but that doesn't seem to be doing the job. I've read about painting the basement with a polymer type paint to prevent ground water from leaking in but the basement opens into the crawl space under the house and I'm afraid that any water from the crawl space will just be trapped and have no where to go we are talking about 12 to 18 inches of water. If anyone has any experience with this I'd like to hear how it all worked out. 

Thanks