All Forum Posts by: Victor S.

@Matthew Jones You could turn this around on the insurance company . I deal with a roofing company they do a lot of storm damage ( insurance claim ) work . They get similar calls from homeowners where the insurance company will tell them to fix the roof or be canceled . The roofer gets up on the roof and finds wind damage , and then the homeowner files a claim and the insurance company pays for a new roof less the deductable .

Then after they pay for a new roof , you drop them and get another insurance company .

Wouldn't recommend that, loss runs will just run your rates up and you will be paying more and instantly show red flags to your new carrier

nope, roof replacement from storm damage rarely, if ever, counts against the HO. what Matthew is talking about is legit. i've had my roof replaced by safeco (very easy to work with) and then switched my policy over to another carrier w/o any issues. One asterisk, tho. If OP's current carrier denies the claim (that's where he needs a good, experienced roofer), then he will have issues switching over to a new carrier with that denied claim on record.

1 Vote

Savannah, Georgia

Quote from @Melanie Thomas:

If I was given the two choices, I would continue on and work to recoup sunk costs; however, my motivations are my own. Above all, this is a hard lesson to learn, and I am sorry you are going through this. Really look at your long-term goals and how you could turn this around. Good luck & happy investing!

continue on by adding even more to the sunk costs? c'mon...

0 Votes

Cleveland, Ohio

Quote from @Patricia Steiner:

@Summer Dechanukul

I hate that this happened to you and I hope that you will report the realtor to their Broker at a minimum. Unfortunately, there are a lot of everyone - realtors, contractors, lenders, insurance brokers - who are not qualified to be advising others on real estate. You haven't made a 'fatal mistake,' just a lesson learned...there will be more. You can still turn this around and move forward to something far better. I recommend making the repairs; prepare a Scope of Work. If you don't have one (the form), the are available for free download online. Get real specific on what needs to happen - step by step - and get bids for each job. Have each contractor sign off on the Scope of Work for their specialty and manage to it. This will save you time and money while expediating the repairs.

Once you decide to settle into the current reality, dig in and move forward, all this will be far behind you. You got this...

why, tho? why keep throwing more good cash after the bad? you want her to dump another $30k in and then "potentially" cash flow a couple hundred a month, all while stuck near 200k?

0 Votes

Cleveland, Ohio

Quote from @Jay Hinrichs:

Quote from @Victor S.:

Quote from @John Carbone:

This thread just needs some optimistic positive thinking….where is Luke Carl at to fire everyone back up?

LMAO! shots fired

just checked his and his wife's profiles and both hadn't posted since September. Still active on YI think they are still doing a module at BP con though. these things cycle and I am sure many of their clients got in early and are just fine. I dont really know what they do I

yeah, it's just odd they both dropped off around the same time. i guess pods/YT pay more than trying to catch fish on here.

1 Vote

Great Smoky Mountains, US National Parks

Quote from @John Carbone:

This thread just needs some optimistic positive thinking….where is Luke Carl at to fire everyone back up?

LMAO! shots fired

just checked his and his wife's profiles and both hadn't posted since September. Still active on YT, tho.

1 Vote

Great Smoky Mountains, US National Parks

sounds like her realtor was Clayton Morris... oh wait, he's a big time youtuber now lol

what a mess this thread is. OP, what you need to do is figure out the true value of this property and go from there. From what the locals are saying, you're in red no matter what, so it's up to you to figure out the least amount of damage you can take on. sounds like you're dumping more good cash after bad at this point.

good luck.

2 Votes

Cleveland, Ohio

that "smile" says it all

0 Votes

Quote from @Colleen F.:

@Chris Park Getting a 100 degree space cooled again eats up more energy then just keeping it at 80 and having him bump it up when he comes back. If you can convince him to do it. If you are in a really hot location a setback on the thermostat is what you probably need, not routinely shutting it down. I would also suggest the cap above which the tenant pays for a future lease.

not necessarily (especially if the house is old/inadequately insulated). good luck trying to cool the place from 80 to 74 when it's still high 90s at night after 100+ day time temps.

0 Votes

not sure if serious, but, like our pResident likes to say, "c'mon, man!" a little water by the cars and some truck with junk makes you want to sell at a loss? i thought i'd read about some drive-bys at night or something, judging by the title (def. disappointed) ... Sounds like the area is a bit more on the blue collar side - nothing wrong with that. As long as you didn't overpay for the place (and people don't get killed on the daily there), who cares?

1 Vote

Dallas, Texas

seems like the original owner is the missing link. if you (your attorney) can get their side of the deal, it would/could clear up a lot of the unknowns.

0 Votes

Greensboro, North Carolina

All Forum Posts by: Victor S.

Victor S. has started 14 posts and replied 1187 times.

Post: Newbie with Roof/Insurance problem!

Post: I did a mistake by 100% trust the realtor and end up with a nightmare

Post: I did a mistake by 100% trust the realtor and end up with a nightmare

Post: Smokies "hiney showing" thread

Post: Smokies "hiney showing" thread

Post: I did a mistake by 100% trust the realtor and end up with a nightmare

Post: Melody Wright says the Housing Market is set for a Category 5 Storm

Post: Guest house tenant running A/C all day. What to do?

Post: Bought in terrible area, regret of buying it, how do I get out.

Post: Possible Wholesale done illegally?