hi everyone,my name is Antonio M. i am from NYC. i have always been very interested in starting a career in REI. i currently work for a major insurance company doing auto damage assessment in NYC. my wife and I currently own a 2 family home. i joined this site bc i want to soak up as much information as possible. my wife and I have comfortable decently paying jobs but we are a bit burdened with college loans...our current goal is to pay off all debt so we can focus all our money into purchasing cash flow producing real estate. i hope to learn much from all of you here and soon start setting up a good future for my 19month old son. if you could take a look at my first post it would be great. https://www.biggerpockets.com/forums/12/topics/608311-newbie-have-idea-of-using-heloc-to-supercharge-my-rei-start

I was able to make an absurd amount of money by swing trading and doing a ****-load of research an i niche, highly unusual asset class (a company that effectively had a monopoly on oddly-shaped foam pieces/packaging for computer hardware during the PC boom).I was 8 and didn't know any better, so got out at 9 and saved it all.

Also, its a container manufacturer and will build the home from scratch with new materials so we don't have to deal with some negative effects of used containers. 

If there is going to be any major effect, most serious investors should welcome that.

When the title company, escrow agent or attorney prepares the closing documents, they simply factor in the second mortgage payoff amount into the final distribution of funds to the seller.A second mortgage should have little or no effect on a homeowner's ability to sell her home.

It did explain why the house had a lot of damage to the siding corners and window trims and a later water issue could have been part of it… Whoever did the that drainage work should fire their operator.

The association's policy does not cover flooding.In the lease, tenants acknowledged they are strongly encouraged to hold renters insurance that covers flood damage.The property itself would not sustain much damage even if it had 5 feet of flooding - $300 damage tops.However, I am concerned about the surrounding area making it unsafe for the tenants to travel into the unit.

What if something happens and they get hurt or damage the property, you would be negligent.

I see loose wires in the bathroom that will need GFIs, one closet door missing, boarded up back door and window, broken glass on the floor at side of house, a porch roof that looks damaged. 

I had an ex-boyfriend call minimum housing on me in Tampa, and they found some minor damage (plumbing, window broken caused by the tenant) and an awful roach infestation.