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If any of you guys buy a high end Foreclosure
FrancF
Member Posts: 35,279 ✭✭✭
Can't stress this enough~ We were contracted by a Home owner to do a Bazillion feet ([:D] ok 650+ feet) of Railings on decks/balcony's on his home. The Interior spiral stair cases we spent a week fixing.
Now the Exterior~ the decks have High end imported tile from Italy, the under side of the deck is stucco.
Drill the fist hole thru the tile into the header- Black dirt/Air. (not good) go 10' Same. go 60' same,.
Yep- You guessed right, No water proofing, beams are rotten. Tile and stucco need to be ripped up and gone/replaced
$300k fix for $75k in railings, see you in a year.
Now the Exterior~ the decks have High end imported tile from Italy, the under side of the deck is stucco.
Drill the fist hole thru the tile into the header- Black dirt/Air. (not good) go 10' Same. go 60' same,.
Yep- You guessed right, No water proofing, beams are rotten. Tile and stucco need to be ripped up and gone/replaced
$300k fix for $75k in railings, see you in a year.
Comments
Tare down to the studs???
Bulldoze and start over???
Somewere in between???
Mike
We are only dealing with our railing install issues. The other stuff is on him. The property has huge potential! But it has all the markings of Build fast, "Fk it" get paid move on. The owner is finding this out. If He does it right, his 12 mil property could be worth 20 mil. But he bought unforeseen Bugs.
Holy shmoly,,,[:0][:0][:0]. But,if you got 12 mil into it what's another 300k??? Petty cash,petty cash.
If I had 12 mil into it I'd be in jail for writing bad checks. [:D]
quote:Originally posted by montanajoe
Holy shmoly,,,[:0][:0][:0]. But,if you got 12 mil into it what's another 300k??? Petty cash,petty cash.
If I had 12 mil into it I'd be in jail for writing bad checks. [:D]
[:D]