Hi all,First time poster, apologize in advance for lack of terminology.My mother's house burned down this summer (June) and there has been little to no progress done since.The house didn't burn down to the ground, roof completely gone and the entire 2nd floor is gone as well including my mom and my sister's possessions, clothes, etc.There's a number of reasons why nothing has been done but I don't think it is worth getting into.

It just sounds like you got a lender that doesn’t know their stuff, but didn’t burn you too bad.

The property burned out and a person died in the fire, fire happened in August and it's been sitting vacant since.

So, not every task an owner might want to take on would have the reasonable potential to burn the house down.

But there were a lot if investors who didn't ask that what if question in advance and prepare for it, they lost everything and contributed to the huge price declines in our rental markets across the midwest.So make sure your numbers work and you have a solid cash reserve, we'll over the cost of a furnace because a tenant could burn down you kitchen (had this happen twice).

Not long ago I found myself pretty burned out by the Biz, but my VR portfolio is creating enough income for me to live on, so I've taken a step back and am focused on real estate now - I've been enjoying skipping the 4am wake-ups!  

Hello All,I've been a lurker on this site for years and need to quit wasting time so I can join all of you making a living through real estate. Over the past year I have relocated to middle Tennessee from Overland Par...

Not sure why they would not just place a pre pay penalty but none the less, you are clear if that is true.If you plan to have a long relationship with this lender, then I would advise not burning that bridge by paying off a loan in 3 months when they expect you to have it for 12 or more.

Create a mortgage and note -get a Fat down payment And collect a steady income stream for the next 15 years with 10% interest 

In the same way that my body still craves fats and sugars always, even though a glance at my waistline shows that it is not necessary to store up quickly-accessible energy, our minds and bodies do things to protect us even at a cost of our immediate thrival, and even when that need is outlivedThus my assertion that the primary reason that the masses don't clamor to all the locations that supposedly have a great ROI and few investors  is because the lack of "publicity leaders" who invest there seems to imply that there's something wrong with the market.