.: Quote from @Clayton Silva: Quote from @Mark Towey: Hey, thanks for sharing this — I’m still pretty new to how insurance claims work, so I had a quick question:If the insurance company approves the $12K estimate, do they just cut you a check for that amount no matter what, or do they usually wait to see receipts or proof of work before paying it all out?

Quote from @Clayton Silva: Quote from @Jeffrey Blackman: Quote from @Clayton Silva: Quote from @Jeffrey Blackman: Quote from @Clayton Silva: 2nd position HELOCS on investment properties are typically capped at 70% LTV and have rates ranging from 9-11% just a heads up unless you use a local credit union where you have cash on deposit with them. 

Quote from @Clayton Silva: Hey Daniel, you Portuguese or Brazilian? 

@Clayton Silva sold over asking As-is.

Quote from @Shirley Gebert: Hey Clayton,I love that you brought up this subject!

.: Thanks @Clayton Silva for the quick reply.Regarding the cash out part though, there's no way of doing an actual refinance?

@Clayton Silva haha and now I keep doing it because I realize that being cheap is making me wealthy haha

Quote from @Clayton Silva: Quote from @Matthew Masoud: Yes both seller financing and subject too would be options for your situation.

Whether it is Renatus or Clayton Morris - once you start suspecting that they are being less than honest, it's time to cut bait.

.* Being in a high-cost-of-living (HCOL) area like North Jersey (I'm actually from Morris County originally) makes out-of-state investing a smart and often necessary move.* Wanting a connection to your market is totally natural, but don’t let it paralyze your momentum.