New construction properties can qualify for significant insurance discounts, but otherwise, I generally expect insurance in this area to run a little over 1% of the property’s value if it’s in decent condition.Feel free to DM me if you’d like a good insurance contact to shop around for a better rate.

But here are ways to reduce capital gains taxes:Deduct expenses (renovation, selling costs) in 2024 to offset gains.Hold for 1+ year to qualify for lower long-term capital gains tax rates.Invest in a Qualified Opportunity Fund (QOF) to defer taxes.Use tax-loss harvesting to offset gains with investment losses.Pushing 2024 deductions to 2025 won’t help much with 2024 capital gains.

If you're a newbie working on a big project and don't have a lot of time to commit to it - it probably makes more sense to pay a GC to source materials and labor.If you're seasoned and have a good idea of what is needed / can adequately qualify subs then go for it.Another thing to consider - do you have trusted boots on the ground that can keep an eye on the project for you?

He is an attorney and owns 1031 federal exchange as a Qualified Intermediary.

But if you want to maximize your deductions now or plan to sell the property soon, then using it now could be better.Also, if you or your spouse qualify as a Real Estate Professional for tax purposes, the losses could offset other income, like your W-2 salary.

If it qualifies as a short-term rental, you might also avoid passive loss limits, making the strategy even stronger.If you’re considering a cost segregation study, DM me and I can point you to some solid firms in SoCal!

The borrower will need to be exceptionally qualified and have significant reserves (particularly for a jumbo or super jumbo loans of $1-2-5M++) Historically borrowers could qualify with 10-20% reserves of the amount financed, that could jump to 100%+ without significant state and federal intervention.

I would speak with a loan officer to get an idea of what I would qualify for with that level of student debt. 

It was on the market for a long time because it didn't qualify for conventional financing will it being unlivable. 

She would not have been able to qualify alone.