Do you get a builders risk insurance policy or anything like that/

Just keep in mind, even if your not in a flood zone, insurance doesnt pay for floods unless its a flood insurance policy.

It's a short sale, unless you want to take it sub2, fix it up, and eat the negative cash flow for 15 years or so til it gets to zero equity.

He will have zero interest in anything wholesale wise, but I may be able to get you a sit down with him and from there its all on you.PM me with some hard info on what your willing to do and why, and what you would like to get in return.

After I thought about their statement a little bit more I e-mail them and asked them for the terms and conditions of the policy.

My understanding is that if the property is in your name you can get an umbrella policy.

Some Dwelling Policies and Tenant Policies will have coverages for this circumstance.

You are dealing with UNQUALIFIED LEADS - the reason they are not open to your offer is they probably have ZERO EQUITY so they can't deal with you.

Property 2, Unit 2 had the inherited tenant move out, so I took the opportunity to make some cosmetic repairs that I will most likely need to Property 2, Unit 1 when the tenant moves (though I am not pushing them to move out anytime soon).I actually have zero cash in the properties, so a cash-on-cash return would seem inappropriately high.

It includes: Water, electricity, cable, domestic phone calls, internet, and a master condo insurance policy.