New to real estate investing under contract with a property that has some issues with water damage to the band sill/floor joist.

New to real estate investing under contract with a property that has some issues with water damage to the band sill/floor joist.

At first I thought it was symbolic because it's a very effective way to cite that you aren't tied to a 9-to-5 and have plenty of free cash.

I believe that the issue is more to do with prospective damages against the current property owner.

There are a lot of different ways to make that happen and that typically boils down to what you are most comfortable with and feel like is most effective for you.

And what’s easiest way to get a loan on the next one if this loan will show on my credit and effect the debt to income on my self when trying to qualify?

I appreciate a piece of advice an attorney gave me years ago regarding unpaid rent and damages - Bad things will happen. 

From death threats to tenants being murdered to overdose to theft, property damage, fire, destruction, damage & everything else in between.The purpose of this blog is to peel back the curtain on the Property Management Business and show you some of the real life things that have happened to me or members of my company 1st hand.

Currying favor with the town government seemed like a good idea, but I realized that there would still be rubble to haul away, all of the trash in the yard, and the foundation might be damaged by the fire.

Anyways, after the work, my client paying a small fee to the GC for a bid, and getting to a "magic number" that would make it a good deal.....I feel my reputation would be damaged if I DIDN'T at least share that offer.