The fire department came and turned the water off.We had just put new carpet in the first floor and new paint, so the next day or so had a guy come out and replaced the new carpet again and another guy replaced the burst pipe and put in a dry wall and paint the bathroom since that is where the pipe burst from.I wanted to file a claim with my insurance company but the agent told me not to file a claim with the insurance company since then the insurance company will know about it and the buyer agent can find that out and it would detract from the value of the house.Almost 4 months had gone by and I wasn't happy with him since he never contacted me and keep in the loop with what is going on other than a website he gave me a link to and a password to check what is going on which he hardly updated.

We have a good quality blue carpet in the home currently and are trying to decide whether to keep it, replace it with a more neutral color or replace with some form of wood flooring, laminate flooring or tile flooring throughout.

Two walls, carpet need to be replaced from the flood in addition to fixing the leaky roof.I am interested in the house to buy/hold and rent it out.

Once I have 10 financed properties Homepath is still a great tool to move up to 20 Fannie Mae financed properties by putting 25% or 30% down.This is a big help in building my portfolio and helping to replace my earned income for a real retirement.

I'm leaning towards replacing them with townhouses.

@Stephen Masek We actually replaced all the old white appliances with new stainless steel ones (except the fridge).

Any help is appreciated.. 18k +/- to rip it up and replace it with wood..

Just got a notice from my insurer to "Inspect and Repair, or Replace Roof" on my 4plex within 30 days.Huh, wha?

That in a few years you might have only a 25 trailer park as you junk too beat homes to refirb and replace with 14" or so available homes cannibalizing half your pads.

Everyone will hopefully find their fine balance of: - liquidity and liquid reserves - asset/equity growth goals - debt management and cash flow management by strategically managing loan terms, notes payable, allocating, shifting, and replacing the more expensive debt instruments with less costly and better terms (fixed, no balloons, non interest rate sensitive) - tax planning - recoop losses from your financial bucket to be redirect to higher purposes or returns - estate tax planning - if you're over 5.34 mil and cannot siphon off your wealth quick enough through the 14k gift allowed annually per person- risk management - since each person has their own risk tolerance for each of the above categories To focus on just equity growth with out considering the other areas of planning may be very risky but thats just my opinion.