David Lewis
Insurance claim denied
My insurance company denied my claim for a loss due to a water leak that did extensive damage to BRRRR property we just completed. The reason the adjuster cited the denial was because the property had been vacant 60 d...
Bharath Janakarajan
Oil tank leak negotiation
Hello pros,
I am in contract to buy a short sale "as is" property in central Jersey. During inspection, we discovered there is an abandoned oil tank and soil contamination. The realtor is saying we can get ...
Bob Malecki
Subject To question regarding changin insurer
I'm doing my first Subject-To deal and have a signed Purchase & Sale agreement. I'm opening escrow today and will be getting a warranty deed at closing.
On another forum, someone said that the lender on the prim...
Robert Sorrels
Won Foreclosure Auction! Now what?
I put my 10% down, and am looking to insure the property while I deal with current owner residents. It is my understanding that this needs to be done asap since I am aquiring it as is where is..How should I approach t...
Timothy W.
An investor just blew $45,000. Want to know why?
An investor who had a fire at their property had full insurance coverage on the loss, the policy was in force, had about $90,000.00 in damage, had a limit of insurance of 1.5 million dollars, and was a clear cut case ...
Elena T.
Bounced Rent Check - Sacramento/Elk Grove, CA
Good morning,This morning I was notified by my bank my tenants rent check bounced. This is the first time I've encountered this. After reading our lease agreement, my husband and I realize we need to add additional cl...
Christopher Blanco
After the Offer is Accepted
I am working through some details and trying to understand the process of getting started in a Fix and Flip/ BRRRR hybrid real estate investing strategy. I think my biggest source of confusion is between the offer and...
Yeng Hawj
Been receiving mailers regarding cash offers on my home
I've received two mailers in the past week, and others in the past regarding cash offers at market value to buy my property with no hassle on my end. My question is, what is their strategy in trying to snatch up more...
Andrew Davis
First Investor Letter, What do you think?
Hey All,I'd love to hear your thoughts and feedback on this property and investor letter I'm sending out. It's a bit nerve-racking, but I know it's a good deal, and I feel like the terms are fair and that I've built ...
Ashish Wa
Finally found a good tenant but!!!
Hello all,so I have been struggling to find a good tenant. I won't go into the challenges but finally found somebody good. They have a ESA dog that my insurance doesn't cover. Is there anything that can be done ? Or I...