I told that buyer to make up the difference in cash, or we would go back to market (couldn’t stomach getting burned again).

The city may be understanding and take it easy on you given your intention was good and the electrician mislead youI but I think it really depends on the property and the inspector.The scariest thing is if your house burned down from bad wiring, you wouldn't really have any recourse if this Joe guy doesn't carry the correct insurance and bond.

I decided to exit after a tenant burned my duplex down after I filed for eviction.

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...