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All Forum Posts by: Milind Shastri

Milind Shastri has started 18 posts and replied 102 times.

Post: Understanding slab foundation split in half

Milind ShastriPosted
  • Investor
  • Allen, TX
  • Posts 104
  • Votes 37
Originally posted by @Bruce Lynn:

 Sometimes I wonder if there are longterm solutions to this big cracks.

Hi Bruce, this was very close in Garland. I wonder that too. In all the reading I did understand that tacking the source of the problem (seasonal cycles, nonuniform moisture levels, plumbing leaks, poor pours, etc) is critical.

Post: Understanding slab foundation split in half

Milind ShastriPosted
  • Investor
  • Allen, TX
  • Posts 104
  • Votes 37
Originally posted by @Fikret Sivac:

@Milind Shastri that's what we did to the foundation in the basement 

That's great, I knew that there's got to be someone who's got this figured out! Thanks for sharing your experience.

Post: Buying foreclosure properties

Milind ShastriPosted
  • Investor
  • Allen, TX
  • Posts 104
  • Votes 37
Originally posted by @Jason Weeks:

We purchased our first foreclosure (post-foreclosure) via HomePath. 

Hi Jason, just curious...doesn't homepath require you to be a first time home buyer? I've already purchased a few investment houses, but lived in my homestead for 3 years now...but the deals on homepath looked quite good

Post: Officially took the plunge Zero to 10

Milind ShastriPosted
  • Investor
  • Allen, TX
  • Posts 104
  • Votes 37

I'm looking for similar properties myself, but my understanding was that anything above 4 units is a commercial property and you can't get a conventional loan for it, hence 20% down for a commercial loan. But looks like you managed a conventional loan with 5% down. Not sure how you figured that out🤔

Post: Understanding slab foundation split in half

Milind ShastriPosted
  • Investor
  • Allen, TX
  • Posts 104
  • Votes 37

@Nik Moushon just saw your reply. Option 2 was exactly what I was thinking too! With this information, I can now at least have a conversation with the foundation guys :)

Post: Understanding slab foundation split in half

Milind ShastriPosted
  • Investor
  • Allen, TX
  • Posts 104
  • Votes 37

@Russell W. good suggestions. I think it's due to a poor backfill of stone base coupled with the annual freeze/thaw cycles as you mentioned too. 

I think I've found an approach that I was thinking about, that can be used after raising it appropriately with piers. 

See:  https://www.concretenetwork.co...

Post: Understanding slab foundation split in half

Milind ShastriPosted
  • Investor
  • Allen, TX
  • Posts 104
  • Votes 37

@David Lee Hall, III, @Joel Calkins, @Joe Splitrock, thanks for the suggestions! Being in TX, foundation cracks are pretty much the norm. I've handled worse on flips, but usually, piers have done the trick. However, in this case, I'm prepping up for an out-of-state rental and trying to avoid getting a sewer line/gas line leak from the sunken side breaking off from the rest of the slab a few years from now (PS: I will not mind if you think I'm being too anal). 

Really curious to see if there are ways to 'bond' two broken halves of a slab together in a way that the joint halves provide structural support to each other. With the risk of sounding like a nut-job, I'm wondering in addition to installing piers to level things out, an approach such-as scooping out chunks from either side and dropping in some rebars for binding strength and pouring cement back (kinda like stitching a wound) could work. something like this: 

Post: Understanding slab foundation split in half

Milind ShastriPosted
  • Investor
  • Allen, TX
  • Posts 104
  • Votes 37

Hi folks, 

I'm a DIY'er myself and I picked the DIY section so I can learn from the experience of other hand-on folks. I'm trying to understand the approach to recommend to my foundation guy.

I'm working on a BRRR property with a foundation cracked along a straight line. Here's a picture and video explaining it.

It's as bad as this sample image: 

and here's a video of the crack: Video of crack

Wondering if anyone has any ideas of the approach to fix this. I know the foundation guys will be able to lift it up, but I'm trying to understand how to 'join' the cracked parts together so it can make a stable floor and be a reliable rental property.

Thanks!

Post: Renegotiate buying price after corona-virus

Milind ShastriPosted
  • Investor
  • Allen, TX
  • Posts 104
  • Votes 37
Originally posted by @Abel Curiel:

 Hello Abel, negotiating a line of credit is a good suggestion. Also thanks for the wishes :) 

Post: Renegotiate buying price after corona-virus

Milind ShastriPosted
  • Investor
  • Allen, TX
  • Posts 104
  • Votes 37
Originally posted by @Justin Tahilramani:

You can try, but I doubt a wholesaler is going to be moved by your plea. They will likely just take your deposit and sell it to someone else. 

True, but my guess is that he's not going to be able to sell it to someone else either without a decent price drop. So, there's a sweet spot ($) I'm looking at that can work for both. Assuming he agrees, any ideas on the process?