Aug 07 2005

$35

Published by Clifford at 2:49 pm under Business

More packing today.  Ugh.

My mentor told me that if I really want to succeed at doing something big I must have the right people working for me.  And getting these houses is no exception.

This morning at the coffee shop I was regaling the tales of the plumbing experience.  The lady, who worked miracles getting me a good loan, arrived and I informed her of what happened.  When I had finished, she said to me "Cliff, you know you have one year of insurance that if anything breaks you can get it fixed."

Dumbfounded, I asked "What?!?"

It’s true.  Apparently in buying a house, the seller pays for 1 year of insurance in case of anything breaking.  After that, the buyer can pay for it.  All I have to do is call the insurance company, pay the repair man $35, and get whatever it is fixed.

The plumber says to me "It’ll cost you $1,200 to repair the plumbing."  I pay $35.  This is great!

My greatest fear was having a situation exactly like what transpired yesterday.  Some large repair bill comes up and, instead of making the mortgage payment, I pay the repair bill and miss the payment.  Yesterday I faced that fear and, in my opinion, lucked out.

Tomorrow, I get the insurance information.  She told me that I would normally get it within 3 or 4 weeks.  Well, I hadn’t had the houses for 1 week and I already had a $1200 scare.  Never again!  Tomorrow, I get the information.

OK.  Back to packing.

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