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12 October 2024 | 2 replies
The author and article suggests to utilize the climate risk data before committing to an investment and be familiar with specific risks in your area—whether it’s floods, wildfires or heat waves.They recommend these valuable tools to assess these risks:FEMA National Risk Index – Provides a comprehensive overview of natural hazards across the U.S., including floods, earthquakes, and severe storms.USDA Wildfire Risk to Communities – Offers detailed insights into wildfire risks for homes in specific regions, particularly useful for properties near forests or dry areas.Risk Factor – Analyzes flood, fire, and other climate-related threats for individual properties, giving you a risk score.Climate Check – Delivers property-specific climate risk ratings, covering heat, drought, fire, and floods.Do you consider environmental factors like flood and heat when investing?
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9 October 2024 | 9 replies
Regular inspections for any signs of wear, cracks, or water damage are advisable to maintain the facade's integrity.Parking and Access: The covered parking area is a significant advantage for tenants, but ensures the area is well-lit and secure to prevent any potential safety issues.Interior Features:Layout: The open floor plan with large windows ensures ample natural light, which is appealing to tenants.
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15 October 2024 | 40 replies
This can provide additional liability coverage beyond what your regular property insurance offers.Steps to Consider:Speak with Legal and Financial Experts: Prior to making a choice, get advice from a tax and real estate lawyer.
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20 October 2024 | 147 replies
Being an introvert and trying to help other people navigate a conference is not cringe, it's helpful for those who get overwhelmed by trying to do small talk.I will bark up this tree every day so let's have a regular conversation on Zoom so I can see what you got and everyone else can too.
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15 October 2024 | 34 replies
I have found that by adding value, people come to you naturally over time.Â
12 October 2024 | 2 replies
It can also be used to track various sources of rental income to help you manage your cash flow.How to get it: Goodbudget is available from the App Store for iOS devices and Google Play for Android devices.Cost: Goodbudget offers a free plan with 10 regular envelopes, 10 “more” envelopes, one year of history, and debt tracking.
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17 October 2024 | 23 replies
DSCR loans by nature require that there is no deferred maintenance and no construction needed.
10 October 2024 | 0 replies
Of course, responsible landlords budget for regular maintenance and repairs.
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16 October 2024 | 13 replies
Hello @Vinay Sanapala,I recommend listening to the excellent comments from: @James Wise, @Drew Sygit, @Jay Hinrichs, and @Mark Cruse.I regularly read people claiming that Section 8 is free money and guaranteed.
11 October 2024 | 2 replies
Once the rehab is complete, the loan just converts into a regular mortgage, so no need to refinance and no second set of closing costs.As mentioned above, you haven't posted a ton of other details, so there may be a lot of variables, but I did a deal as a buyer in this fashion in the past.