All Forum Posts by: Michael Gessner

Does anyone use this site for information? if so how accurate are they? I see they offer a lot of information but the ?? of accuracy sparks my curiosity. Thanks

impossible to answer way to many variables, get your self a few contractors to go look at the property to get a general idea of whats needed and costs. I say a few why ? you will most likely get different ideas and prices from each

Brian Pulaski, I agree 100% I'm new to the field of real estate investing, I have an amazing seasoned agent who has thought me as lot, I can't see how in the world these investors can make a dime. I'm looking to do the rehab in house with my laborers and I still can't seem to find a decent profit after running the numbers. I'd love to talk further if your interested. 

I'm interested send me details, I agree i just posted earlier today about this very topic. I'm in the process of starting and am starting to realize ny may not be the place to start due to high purchase prices 

Ok keep me posted, if its a finished basement it might be worth your time and expense to rectify the issue out of your pocket. the problem with people finishing basements is once you close up those walls, by the time you start seeing mold on the surface of the drywall its most likely to the point you will be gutting it. I tell all my customers who want to finish the basement to make sure its dry and any drainage issues are corrected before hand. Just a bit of advice. The neighbor probably doesn't want to deal with the expense if its a large enough area, however depending on where you sill plate is compared to finish grade, you may be able to simply add soil to your side and channel the water away. Any how get me some pics id be glad to give you some advise. 

If youd like send me a PM with a picture of the area, maybe i can give you some advise on how to correct it

My apology i miss read, so you know where the water is coming from, if the grade is pitched towards you, the grade needs to be corrected, if your gutters are also dumping in a location where it will increase the water coming in they need to be corrected as well

If I may add, Never by no means ever waterproof or try and correct the issue with interior drainage systems, think about it your still allowing moisture in the basement, if anything now your increasing moisture from entering into the dwelling because now you just exposed below the foundation floor, its a cheap way of putting a i guess you can say band aid on a more serious issue. Its an incorrect way to resolve a problem. Ive done many foundation water proofing jobs where contractors came in and did perimeter drains, to only call me in years later to do what should of been done from the beginning.  Always correct the issue from out side.

1st how old is the house, you say the walls are damp, well do you have gutters on all the roof lines, you be surprised how many damp basements get fixed by cleaning your gutters or making adjustments, where are the gutters dumping? are they dumping at the foundation or piped away from the house? If you were getting moisture through the floor then I would suspect footing drains need to be replaced or may need sump pump. Many different variables but id start with the gutters, next id check is whats the grade of the yard, is there any surface pitched towards the house, is there a patio, you'd be surprised how many contractors don't know how to use a level when installing a patio

Cody Evans measure the area you need to replace, inside area of walls, then add 25% for cuts broken pieces ETC

Sorry forgot one more thing lol, if the walls are bubbling and maybe flaking, the house is 120 yrs old, theirs a good chance yo have led paint on them