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6 January 2025 | 5 replies
We see a tightening or restricting of coverage, higher deductibles, more tedious underwriting requirements, and increasing rates.As far as deductibles specifically, it really depends where you are in the country.
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17 January 2025 | 3 replies
If the client is in CA the community property state laws may help here (not entirely sure) depending on when the property was acquired but it would be a great question for an attorney as Jason mentioned.If they were married and went through a divorce it would be worth looking into how the divorce paperwork stated how that property would be handled.
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16 January 2025 | 15 replies
In this scenario it is very tricky depending on the end buyers finances if you are looking to sell it to an "end buyer" and not an investor. 2.
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22 January 2025 | 14 replies
Weather differs depending on where properties are located and even snow accumulation within the same geographic area will vary year to year.
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13 January 2025 | 19 replies
Quote from @William Christiansen: Quote from @Charlie Hardage: @Carlos SilvaYa, it definitely works depending on your cash flow and numbers.
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16 January 2025 | 17 replies
It depends on the rental income, what you plan on putting down (20-25% is typical, 15% or 25% is required for conventional depending on # of units) For your owner occupied deal, you should be able to use a portion of the rental income to qualify and help offset your DTI a bit.
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14 January 2025 | 2 replies
The tax advantages of buying/holding gas stations are pretty great.Many of the components of gas stations including pumps, tanks, external parking areas, and other equipment are classified as either 5 or 15 year property so you can bonus depreciate a lot of it (minus the land value) and get significant deductions in year 1.With the 2025 bonus depreciation rate at 40%, a $1 million gas station acquisition could still lead to $100K+ in year 1 deductions depending on the specifics of your deal.
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5 January 2025 | 17 replies
For context, downtown Alexandria performs super well as a rental market and bringing in $5.5k+ as the monthly rental income if you choose to move out of the househack in the future will be absolutely feasible (depending on the property of course).
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24 January 2025 | 17 replies
It depends on what the property appraises for in 24 months, if you will be able to get home owner's insurance, if lenders are lending and so on.
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5 January 2025 | 17 replies
There would potentially be some weight issues with the 2nd+ floors of some shopping malls, depending on what the potential tenant wants to store in the upstairs unit.