Fire at one of my last rental

OK ,I met the inspector from the bank today . Signed off on the 50% progress sheet . What happens next is the bank sends me a nice size check to continue . Roof is on , ruff electrical , ruff plumbing , A/C and framing . Siding is being installed as I write this . Cool very very cool . Oh yeah , In my best Shaggy " the train is coming baby .I say the train is coming now .I say the train is coming baby . The train is coming now . soo long I've been waiting ,waiting for...... .................. :) :) B) B) :woohoo: :woohoo: I found what the problem was . The bank had changed tracking numbers and I didn't have the presence of mind to ask the right questions about it . Once I figured it out things started to change . " The process " When and if you are ever in a situation like this make sure you ask questions no matter how stupid it may seem . The bank became my friend after I learned how to communicate with them .

I just received the 50% check from the inspection a few weeks ago . One thing I didn't mention is all the proceeds from the fire. W9 to me . The total of the claim is reported to the IRS . I have to show all the expenses to cover . Now I don't think I'll have a problem with that . I had to show the total amount the project will cost to receive all the funds of the Total Property Loss claim check. If the total had not reached the claim amount the bank would have kept the difference. Not credit it back to me or towards the small mortgage I have on this property . Now that is a rip if you ask me . Just letting anyone know this is what happens in case you end up in a situation .

FYI Finished , new renter and a much improved and beautiful property . The city just gave me the opportunity to buy the adjoining property. They had it on inventory and now offer it to me . Cool . I love this place . Thank you insurance company and all who helped me put this property back together .

Pictures! we want Pictures! See it's much better with pictures after rebuild