All Forum Posts by: Kelly Sennholz

Slightly bigger lot. For investors, more units, etc. Not a huge difference and both properties are very much alike. 

No, this price is inclusive of the build and purchase (obviously, could be off by some margin, as usual, but it's a guess). To be honest, they bought their property a LONG time ago, it required a lot more work but I think they are doing better than the $500K.

VERY recently. They divided the property, half sold, other half will soon. I also have plans done, GREAT architect in hand, soil testing done (may need to be redone due to time limit?), etc.

Further, mine should get slight MORE than they did for a variety of reasons. My question is: Is $500K profit not enough? It is WEIRD to me????

I have a property for sale, price and renovation costs are $1,375,000 and have a nearly identical property 10 doors down with a solid $1,850,000 after renovation sale (they did nearly same thing - I think my architectural plans will yield slightly more, maybe another $50-100K), Sloans lake w/ $3M homes abounding, no takers.

What gives? 

Thank you for responding, Bob. But I'm looking for estimates of the timeline.

Insurance rates are skyrocking in FL, not entirely because of this but a large part of the increases, per insurance industry, are both prior claims and future preparation. Obviously, the businessmen "believe" in science.

Recent articles indicate Mead will deadpool in 18 months (Per media: "A projection from the Bureau of Reclamation estimates that there is a 47 percent chance water levels could reach below 1,020 feet in 2023."). What are folks doing to prepare, or not? Also, spoke with a real estate guy in the deadpool area, he said, "When it happens, we will consider selling." Not sure he understands what it means. 

Just curious how people are inserting this information into their real estate portfolio??? 

Every governmental agency and insurance industry media has said the insurance industry can not withstand the growing storms due to climate change. They estimate waterfront and water adjacent homes will become uninsurable. https://www.insurancebusinessm...

I estimate that although a rate creep will and is already happening, a major blow will occur after a large storm causing a more sudden housing disaster. These waterfront homes will, in one day, become worthless and unsellable as without insurance, no bank will mortgage them. 

HERE IS THE QUESTION: By year and month, what is your guess as to when that will happen? 

AS A BONUS: What is the date you think Lake Mead will deadpool?

I will add that travel nursing is a VERY cyclical sector. It can go to zero in a moment so you really need a backup or secondary plan. Further, medium term rentals will be highly impacted by economic changes. Just my two cents. They are profitable but higher risk.

There is a LOT of room for lawyers and accountants in PR who will do their job on time and competently. If you are young, looking for opportunity, that is a great place to go. 

If the lease is expired, why don't you just given notice to vacate? 

Demand is predicted to stay high for some years. Impacts related to predicted and accelerating climate change issues may increase demand further. Multiple families in one home is absolutely a response to this and may soften the change. I do not see significant softening, overall.