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2 August 2024 | 14 replies
If you are issuing a Perm Loan you should include 12/mo Rent Loss coverageThe list could go-on, but this is a solid foundation to start.
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2 August 2024 | 2 replies
I'd also recommend dumping the garages there's almost a total loss on that unless you are putting units above them on a dense infill lot for additional units it's not worth the cost of construction. build cost is pretty high for your market for three story suburban walk ups. we could never build at that price and make any money. suburban sells for 160k a door in our market with land. get on yardi make sure you Arne't going to lose money on it.
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3 August 2024 | 13 replies
Then for sure you are the owner and there is no dispute with insurance companies if you suffer a loss.
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1 August 2024 | 7 replies
If you want to skip the trial and error and the loss of time I recommend the flight school.
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1 August 2024 | 12 replies
Don't forget transaction costs, seller concessions, vacancy loss if you sell vacant (which you should), capital gains taxes on the profit if there is any, etc.
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1 August 2024 | 2 replies
In today's market, many office landlords would much rather walk away from their properties and take a loss than fight to attract tenants and avoid foreclosure.
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31 July 2024 | 3 replies
This negative position can consume years of cash flow to recover.
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1 August 2024 | 15 replies
Then he reaches out to that company to get them to book his MTM.Would a long term rental cover your costs until travel recovers in a year or two?
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1 August 2024 | 1 reply
Also, there are no coverages for the most common homeowners' losses like water backup-- it's just standard coverages.3.Youshould get insurance as soon as possible -- there should be insurance on thecondo at all times.
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1 August 2024 | 4 replies
You want the flexibility to access your money sooner.4) Tax Benefits from Real Estate: When you invest in real estate, you can take advantage of depreciation and losses to reduce your taxable income today.