Coninued from previous post…
So, in Halifax, Quebec….
After the cyclone and ice storm damage…
If I go to a residential neighbourhood today and look at the properties from ice and storm damage insurance companies know what’s not covered from outside.
I go to the real estate people and bid on the houses apartment complexes that I know are not covered for life insurance.
The fact is a large percentage of them are bank mortgages that require insurance for the loan.
I put my money down on them for the real estate bid, then the ones that get cited for no life insurane against their bank loans…
The buildings and houses will default on the bank loan and have no life insurance.
When they close that same day, the bank will take my payment and I will own the buildings.
After that, the building inspector will send me the bill to fix the units.
After that is done they will reopen when finished and I will get all the rent money.
