All Forum Posts by: Paul Schanbacher

@Max T.

Yeah, this particular case will need more than some star bolts to fix the problem! Even though they point to weak points, love the way old vintage star bolts look!

@Brian Pulaski

This is what we are working on right now. If the property could be had at the right price, it would be very worth it. 

@Tyler Resnick

You're are confirming exactly what's been running through my mind. Thanks for the reply!

@Roy N.

Thank you for the reply. I'm working on getting ahold of a couple people to come look at it and give me their professional opinion. Fingers crossed, but I'm not counting on an easy fix. Thanks for the reply!

I'm not sure if this is the correct forum category to put this in, forgive me if it is not. A good friend of mine called me today to look at a property with him. It has a lot of potential (so long as this does not break the deal), it is in a great area, price is right to make some good money on a flip. The one problem we noticed is in the basement (I should have gotten pictures, but I did not think of it at the time. I will when we go back). There is a large "bow", if you will, in tow of the brick walls on the exterior of the house in the basement. The house is 102 years old. The walls are made of brick. One wall is fairly bad, with some bricks missing near the top and it has moved inward more than I would like to see. The second wall is a pretty steady bow inward all the way across with no bricks or anything missing. 

Has anyone dealt with repairing exterior/foundation brick walls in basements? Is this something we should completely steer clear of? I know a friend who bought a house which had a block wall where it had bowed out and they made a bracing system which was considered an acceptable fix. Is this a possibility for a brick wall too?

Thank you for any insight!

Everyone has been burned at some point or another. I know I have. Thanks for the insight from a contractors point of view. No one knows the business like someone in the business.

Imagine taking taking yourself back into time. That light bulb turns on like it did that very first day you came to the realization that real estate investment would be the ticket to get you were you are today. Now imagine you had a huge advantage given to you on that very day as well. Someone hands you $50000, no strings attached. Take it and get your investing off the ground. Your future is as prosperous as your decisions will allow.

Knowing what you know now, how would you play your cards? I'm very curious to see what peoples approaches would be.

@Nichole B.

No worries! I was not planning on heading there this evening or anything! I thought every night sounded like a lot! I'll have to keep a Tuesday on mind one day if I can and possibly make it by. Thanks for the clarification!

Hi @Nichole B.

What nights seem to be the most active? I will keep that in mind!

@George Skidis

Thanks for the info. I will definitely look into the Central Illinois Rental Property Professionals.