Chapter 6 - LINDA DID NOT HAVE MOLDLinda’s condo had no mold.
It also no longer belonged to her.
She sold it four months earlier.
Sale proceeds:
$418,000 after mortgage and fees.
Where did the money go?
$200,000 to Bennett Property Ventures.
$110,000 to Ryan personally.
Remaining paid debts.
Why was she moving into my son’s bedroom if she had over four hundred thousand dollars recently?
Because the money was mostly gone.
Ryan’s LLC had purchased a failed renovation property.
Bad contractor.
Permit issues.
Structural damage.
Estimated additional capital needed:
$580,000.
The $640,000 loan made sense.
Linda and Ryan had pooled money into a losing project.
They needed collateral.
May you like
My house was the biggest asset within reach.
Except it wasn’t theirs.
