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All Forum Posts by: Gerard Gonzalez

Gerard Gonzalez has started 9 posts and replied 46 times.

Post: Water in Basement neighbor building

Gerard GonzalezPosted
  • Stonington, CT
  • Posts 47
  • Votes 4

I'm getting water in basement in one of my properties built in 57. I have house hacked this property and plan was to move out in a couple months. However, there use to be a piece of land to the north of me that no one has ever built on. Myself and everyone in the neighborhood thought it was "wetlands" and could never really be built on. Last year someone broke group and now I'm getting neighbor!

I was in the process of renovating this house so I can rent it out and house hack my next deal. While I was renovating the upstairs. I spent majority of my time down stairs in the basement (2 years +). Its where I keep my storage and majority of my tools. However, it became where I kept my clothing and other stuff while renovating upstairs. During that time and before hand I have never experienced any water in my basement.

Since the neighbor broke ground closer to my house I'm now getting water every time it rains a bit and for days after. The water oozes up from the ground.

After doing some research it looked as if I have a down spout that may be going to his land that was pinched. We cut that pipe and ran a new pipe and it didn't help.

There is also a curtain drain or French drain system installed that just uses gravity to discharge the water. I believe that line is buried some where on his property as well. I cant be positive on that. All this was done before I purchased the house, and way before they started building.

Do I have any power to do anything or am I just going to have to bite the bullet and pay someone to come and fix it? Is there any legal course of action I can take and would it even be worth it? I have called the town building department and wetland department and I haven't heard anything promising. I believe the town engineer is going to go out there today.

Pray for me!

Post: Land/house type issue

Gerard GonzalezPosted
  • Stonington, CT
  • Posts 47
  • Votes 4

I'm looking at buying a multi with a 203k loan. I have a house in mind right now. Pretty good deal in the area I want. The house is being sold as a SF. I saw this house on the market before (6-7 months ago) and it was on the market as a MF (Two family). The seller removed it from the MLS and then put it back as a SF last month. I put in a offer on the house and the listing agent told my agent that the house is a SF. They went to the town to try and change it to a MF but the town gave them a bunch of issues. Not sure what exactly.

The house is set up as your conventional MF would be. 2+ baths and 2 Kitchens. When I did my own research and checked the towns GIS it shows the style of the house as Two-Family, and land use as Two-Family. So I'm not sure where the mix up is. 

Also was wondering how this will affect the repairs I want to do to the house. House is in rough shape and needs a lot of renovations. With the price I offered though I should be able to make the repairs I want and still have some equity. 

Post: Rehab costs on 1100 sqft. Westerly. RI

Gerard GonzalezPosted
  • Stonington, CT
  • Posts 47
  • Votes 4

@Kevin Scanlon I'm interested for sure. I'm renovating my house in stonington. same size as yours. 

Post: Greetings from Norwich Connecticut !

Gerard GonzalezPosted
  • Stonington, CT
  • Posts 47
  • Votes 4

Welcome. You'll learn a ton from this site and the podcast. I own a duplex in westerly and a SFR in stonington. Working on buying my next duplex plus. Having a hard time finding good deals in pawcatuck/westerly/stonington. Maybe moving to invest in NL and Norwich like you are.

Post: Anyone Investing In Puerto Rico?

Gerard GonzalezPosted
  • Stonington, CT
  • Posts 47
  • Votes 4

Good luck guys. I'm definitively interested in buying. Something close to water would be great right now. 

Owner pays. Ive seen up to first months rent. 

Post: Where to go from here?

Gerard GonzalezPosted
  • Stonington, CT
  • Posts 47
  • Votes 4

No love lol

Post: Claim Power equipment on taxes

Gerard GonzalezPosted
  • Stonington, CT
  • Posts 47
  • Votes 4

Awesome thank you so much for all the replies. 

Post: Claim Power equipment on taxes

Gerard GonzalezPosted
  • Stonington, CT
  • Posts 47
  • Votes 4

@Dmitriy Fomichenko I do have a CPA. Reached out to him as well. Just trying to get multiple answers and go with the best one. 

@Natalie Kolodij I dont have a rental LLC set up. Right now everything is under my name. Will the same apply?

Post: Claim Power equipment on taxes

Gerard GonzalezPosted
  • Stonington, CT
  • Posts 47
  • Votes 4

Thanks for the information guys. Really appreciate it.