All Forum Posts by: Paul Haughton

@Dean Samnang, welcome to BP. 

Hi @Rick Santasiere, welcome. Happy to network and share notes. 

@Stephen Chittenden, great success story. Congrats. 

Hi @Kelly B.. The waiver is likely an option. I definitely want to take some contractors through before I close. 

@J Scott, interested in your thoughts. 

I have a contract to buy a distressed single family house that I plan to rehab and sell. The house is vacant and uninhabitable as is. It sustained water damage from a broken pipe in the kitchen last winter. The insurance company cancelled the homeowner's policy due to the condition. 

I plan to get builders risk insurance after closing. Here is the challenge. I want to kick off the due diligence. But the seller is very concerned about liability issues during my due diligence period (i.e., if someone gets injured on the uninsured property). Has anyone dealt with this before? What options do we have for working around that concern?

Congrats @Kim Handelman! That sounded like quite a ride! Nice payoff for all your perseverance. 

@Alex Applebee, Awesome. Well done. 

@Account Closed, no one is self made. Everybody has benefited from the experiences and advice of those who have done "it" before. You can get much of this advice free of cost through a variety of sources (e.g., your network, local REIA, BP, podcasts) or via relatively inexpensive sources (low-cost home study courses, books, etc). I recommend exploring these options first. If you have specialized needs over and above the info you are receiving, then consider the more targeted coaching / mentoring programs.

Point to remember is no amount of coaching or mentoring (whether no-cost, low-cost or killer-cost) can take the place of your own individual commitment to doing everything it takes to succeed. 

@David Halprin, welcome to the community and to real estate investing. Definitely make use of the resources and networking opportunities on this site.