Fixing a Basement Wall - Green Bay WI

 

If you own a house in Green Bay WI and you are dealing with Foundation issues, this may be the right article to read! Down below, I go over how you should properly repair a leaking or damaged basement foundation wall. Just remember, if it is not done properly it will only cause further issues and headaches down the road! 

Now, what do you need in order to fix a bowing or cracking wall? The first thing I would recommend doing is consulting with a foundation expert and have a full inspection done. A foundation inspector will give you advice on exactly what should be done to repair things properly, and they have the state license to back that up. If you start calling a bunch of different foundation contractors they are going to try and sell you on their product and how it can best fit your situation. 

If you have a cracking wall the foundation inspector will most likely tell you that there is issues with the grading around the exterior which need to be addressed. They will also go into how your landscaping should be properly handled so the leaking wall no longer happens. Most inspectors have a Rolodex of foundation contractors they would recommend and that is WHO I would go with. There should be no conflict of interest, but they do see who does the highest quality work throughout the Valley. 

Once you get the report from the inspection those are the next steps you should take to properly repairing the wall or foundation issue. Once that is done and maintained over the course of your ownership you should not have any other issues with bowing or cracking of walls. 

If you want to skip all of it give us a call at 920-215-4201. 

How to Do a Cash Out Refinance - Green Bay WI

You may hear the term "cash out refinance" when people are talking about getting a new loan on rental property. But, what does this actually mean?

To explain the concept in very simple detail, it means that if you bought a house for cash & then took it to a bank to refinance 75% of the appraised value back out. Why this is such a common idea for real estate investors is because they can find deeply discounted off market properties, rehab them, & then take them to a bank & refinance all of their money out! It is the perfect scenario for building a portfolio of off market houses.

Is this possible to do with commercial assets? The answer is yes! You will still need to abide by the same rules & formula, but most commercial lenders will go up to 80% LTV on the commercial side of the business. This can allow you to build a mega business with just a few great relationships.

Make sure that when you meet & connect with a local lender that you are personable & build a relationship. Relationships help build business & that's what the real estate game is all about!