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13 December 2024 | 13 replies
WikipediaLow crime rate: Never invest in any city on this list: The most dangerous cities in America, rankedLow operating costs: Good indicators of a pro-business climate include:Property taxes: State Property Tax Rates - Rocket Mortgage.State average insurance cost: Insurance - ValuePenguinState income taxes: Tax FoundationLow risk of a natural disaster: Natural disasters can devastate your property and the surrounding community, leading to job losses and the closure of shops and businesses.
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19 December 2024 | 8 replies
And be sure your insurance costs won't be insane.Finally, if you're near Asheville at times we have two BP meetups per month here.
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17 December 2024 | 5 replies
My figures are below.TaxDeed Winning Bid: $489.00 (My Bid May 2013)Property Clean-up: $450.00 (mowing, trash removal)Taxes & Insurance: $80.00 (2013 & 2014)Sale Advertising: $130.00 (Signage, Newspaper Ads, etc)Filings & Legal Fees: $245.00 (Deed, Lien Releases, Sales Agreement Docs)Total Costs: $1395 (approx)Sold for: $3250.00 (August 2014)That is better than the 25% I would have received if the property was redeemed during the redemption period.
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11 December 2024 | 4 replies
Most title companies will never give title insurance on properties bought at tax auctions.
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21 December 2024 | 7 replies
However, if it’s not necessary for liability protection, you might avoid the headache altogether and just beef up your umbrella insurance policy.What’s your take on this now?
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17 December 2024 | 12 replies
The Economic Development there is focused on building competitive regional talent, diversifying the regional economy, transforming Montgomery's image and building diverse community capacity.Major economic drivers to the area include Hyundai manufacturing, Maxwell & Gunter Air Force Base, major Amazon distribution, Alabama State Capitol, Alfa Insurance, Kinpak, H2 Pharma, Dollar General transport/logistics, Dow Chemical, and Conner Industries to name a few.
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14 December 2024 | 6 replies
If it is for liability protection, keep in mind to actually limit your liability means that any loans and insurance for the property need to properly be in the name of the LLC and not your personally.
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15 December 2024 | 30 replies
@Lolo DruffWhen investing in properties, I aim to balance high cash flow with appreciation potential in affordable, stable markets with strong rental demand.
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2 December 2024 | 3 replies
Your best bet is to consult with a good broker that has experience with business insurance and RE.
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11 December 2024 | 13 replies
As I mentioned above, the risk of being sued, found guilty, and fined more than your insurance will cover is almost non-existent.