Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 2 years ago,

User Stats

2
Posts
0
Votes
Ben Bechard
  • Rental Property Investor
  • Denver, CO
0
Votes |
2
Posts

Under contract, finished basement signs of moisture

Ben Bechard
  • Rental Property Investor
  • Denver, CO
Posted

Hi everyone,

Good news is I'm under contract for my first house hack in Denver! Got the inspection report back today (Tuesday). After reviewing it there are signs of water potentially leaking into the basement's utility room which contains the unit's washer/dryer, furnace and hot water heater. 

There are signs of rust/corrosion all in this room (light switches, interior/exterior of furnace, water heater and other pipes). There's also 2 feet of mold a few inches high showing signs of previous water accumulation on the floor. You can see the water line along the wall. The only signs of mold or rust/corrosion are in this room with the exposed concrete floors/walls. Remainder of basement is completely finished so we're unable to see the exterior walls and condition of the floors under the carpet.

Under the seller's disclosure under "Flooding and Damage" they state there are 2 sump pumps in the basement and they say the basement hasn't flooded since they have owned the home the past 5 years. 

Any advice? Anything inspection wise needs to be addressed before next Monday. Initially thinking of doing invasive inspection? I'm new to Denver and basements in general so I don't know how often water gets in them and if water problems are fixable down the road. Thanks!

Loading replies...