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All Forum Posts by: Lucy Balyan

Lucy Balyan has started 7 posts and replied 60 times.

Post: First flip, san antonio, foundation issue- need help

Lucy BalyanPosted
  • Investor
  • San Ramon, CA
  • Posts 61
  • Votes 15

Hi, I just read your message; Yes the rehab is done, took 3 months vs 45 days due to rain. The budget went over by 15% from $40K to $47K (he wanted $48,500) due to rotted beams under 3 bedrooms, the entire wall from bathroom to kitchen to back door needed to be replaced (drywall not frame, plus all new siding, plus partial french drain). 

Yes it's a touch neighberhood but the eastside has lots of new development going on; For now, it's good for rental until another few years to see what happens.  I do follow the SA news online. Tenant hasn't complained about crime so far.

Yes it was a major rehab from foundation to roof, to electrical/plumbing, adding A/C, and everything else.

Post: First house, found foundation problem

Lucy BalyanPosted
  • Investor
  • San Ramon, CA
  • Posts 61
  • Votes 15

is the foundation cynder blocks or piers? 1.5 inch at one corner of house isn't much to worry about however make sure the foundation has piers installed not cinder blocks;  I don't think you need to lift the whole house for a corner 1.5 inch but i am not a contractor.

Post: First house, found foundation problem

Lucy BalyanPosted
  • Investor
  • San Ramon, CA
  • Posts 61
  • Votes 15
Hi don't be afraid of foundation issues. I invested, bought a 1920 home in san antonio, that needed lifting by a foot on 1 side & many piers & beams. foundation costed $5k, beams costed another $4k. the foundation cost & most everything was part of estimate however the new beams needing replacement for 3 bedrooms, & new wall from bathroom to kitchen, & new siding for new wall, & french drain. originally the estimate was $40000. it went to $48,500 but I only paid $45k. I had paid $33800 for the home. I know I paid alot but it was a major rehab from top to bottom, inside & out.

Post: STRANGE WHOLESALING ISSUES

Lucy BalyanPosted
  • Investor
  • San Ramon, CA
  • Posts 61
  • Votes 15
don't do it if you don't have the $4k from buyer! Do Not Trust people who ask you to wire money!

Post: First flip, san antonio, foundation issue- need help

Lucy BalyanPosted
  • Investor
  • San Ramon, CA
  • Posts 61
  • Votes 15

@David Rawls, @Tyler Herman, @Rick Malinga, @Jason Hirko, @Anish Talia, @Jay Heinrich

My house is done & on the market.

Post: Mentor

Lucy BalyanPosted
  • Investor
  • San Ramon, CA
  • Posts 61
  • Votes 15

Hi, I just spoke to him. I guess I responded to his Ad on Craigslist. Good thing I got his name so I google it @ found this info. Thanks so much. Yes he talks big, $5000 investment for a 12 month program. 

Post: Any Appraisers in City of San Antonio??

Lucy BalyanPosted
  • Investor
  • San Ramon, CA
  • Posts 61
  • Votes 15

Hello, looking for an appraiser or BPO for a home or area in 78203 zip. I have a question for them.

Post: First flip, san antonio, foundation issue- need help

Lucy BalyanPosted
  • Investor
  • San Ramon, CA
  • Posts 61
  • Votes 15

Hi All, we'll I made the trip to San Antonio from june 10 to june 18 & the foundation renovation is completed. Hurray!!! It had been raining alot but sunny for last 2 weeks. 

I toured the home several times morning, noon & night, drove around multiple times. Yes house needs lots of work, has big kitchen, 3 big rooms, 7500 Sq ft lot. I like my street, it's quite, no homes across, met the 2 neighbors, asked questions, discovered the closeness to downtown about 15 min drive. Now awaiting for roof & interior & exterior rehab to complete. Hopefully by end of this month or next at the most.

Post: First flip, san antonio, foundation issue- need help

Lucy BalyanPosted
  • Investor
  • San Ramon, CA
  • Posts 61
  • Votes 15

Ok I am in San Antonio since 2 days now hovering over my flip property rehab & I think we are now done with foundation. I thank God so much for this & John & his GC team. I honestly tried to get 2 other GC opinions & they never showed up for their appt. now I know better. I am so glad I made the trip out here. I feel so much better now.

Post: First flip, san antonio, foundation issue- need help

Lucy BalyanPosted
  • Investor
  • San Ramon, CA
  • Posts 61
  • Votes 15

Well, someone recently told me if I thought about tearing down and rebuilding a new home; I am pretty sure that would cost alot more than $40K right? I already had someone who looked at the property say it will cost more than $40K to repair foundation, roof, drywall, electrical and plumbing up to code, siding, windows, etc.

anyone have an idea of cost of tearing down and rebuilding new home for 1063 sq ft? Nothing fancy, just a regular home. Got any contractors to get bids from?