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Updated over 6 years ago on . Most recent reply

User Stats

20
Posts
6
Votes
Brendon George
  • Atlanta, GA
6
Votes |
20
Posts

First time investor in deep water drowning slowly

Brendon George
  • Atlanta, GA
Posted

Hey BP Family it has now been 1yr since I purchased my quad-plexus of town home just outside of Atlanta,Ga on a FHA loan.

Currently my luck has turned and I have two units which suffered water damage due to a storm that passed through, the entire flooring needed to be removed. Which I was hoping some type of insurance would help cover since it’s a natural storm (wrong). I have had all the restoration work completed (not flooring still needed) out of pocket on both unit but now I am at a point where I don’t see myself recovering from this.

Is there anyone that can lend a first time investor some advice on navigating this scenario?

SOS

Most Popular Reply

User Stats

1,873
Posts
2,755
Votes
Marc Winter
  • Real Estate Broker
  • Northeast PA
2,755
Votes |
1,873
Posts
Marc Winter
  • Real Estate Broker
  • Northeast PA
Replied

Get one done.  Rent it out.  Get the other done. Rent it out.  Little by little, bit by bit, little bit by little bit.  Just don't give up.

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