One will not cover damage covered by water damage 'from above' and then theother will not cover damage caused by water 'from below' (flood) and then they cross reference them and don't pay at all.The good ole Insurance people will do anything to not do their job, which is to pay for their clients damages.There is $$ available through FEMA, but it isn't much and good luck getting it.Question is......even if you can get some money do you rebuild in the same locations?

I am looking to JV with my brother where I will do the real estate investing (finding deals, property management, etc.) and my brother will fund it from his business account. 

If the property doesn't meet the DSCR or the value basedon the market cap rate, your down payment will increase to bring up the DSCR orclose the gap to cap-rate value.Challenges/Lessons Learned: Just becauseyou can buy a property with a CMHC insured loan doesn't mean it is a good deal.We've seen a lot of investors agree to pay too much for the properties, and getshocked with a big down payment and low cashflow due to the low DSCRrequirements.

Taking advantage of a natural disaster to get yourself a pay raise, classic union tactic. 

Hello @Sandra Feurtado,Do you need to visit the city where you're considering investing?

With the growing demand for both urban living in cities like Austin and suburban areas surrounding Dallas and Houston, where do you think the next big wave of homebuyers is heading?

I understand that it may take time to build the capital for larger deals, but I’m committed to making it happen. 

We're over in Chicago area but do a lot of business in your neck of the woods.

I inherited a home on the Westbank and I am slowly beginning to renovate it, as I start an new career with Tulane college. 

Appreciate it a lot!