You are trying to build a portfolio as if you have a crystal ball and already know how each property will operate after they are purchased.

That should give you an idea of how much money you can leverage in addition to your down payment.

The videos of how extensive the damage is heart breaking.

It’s wise to run different stress tests on your budget to see how it handles fluctuating interest rates, higher costs, potentially lower market valuations, or worst-case-scenario acts of God.b.

- How do you assess the market and identify red flags?

@John Mason, good to know.  

1) Should I file the claim now to 'get in line' prior to knowing the extent of the damages?

I'm in, just let me know where? 

I feel like thats the first thing I need to know in my planning.

So the question is have you guys ever used a hard money lender before do you recommend it or just figure out how to get the cash yourself or find properties that can go for conventional if the seller even considers it I own a contracting company and a moving/junk company so our projects I know for a fact I can do at a fraction of the cost as most investors but still I’m getting out bid to no end where I can’t see the money at all I’m not sure what there seeing but that’s a whole other story Anyways would love to hear from you guys if you used hard money lenders before and what to be careful with I’m just trying to see all my options Thank you in advance