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15 January 2025 | 11 replies
This location is in a 1mm population metro area, 230 units, and cost is about $1,800,000 all in.Limits of Insurance: Coverage:Liability and Medical Expenses$2,000,000/$4,000,000 Occurrence/Aggregate Comprehensive Business Liability$2,000,000 Any One Person Personal & Advertising Injury$4,000,000 Aggregate Products Completed Operations Aggregate$2,000,000 Any One Fire Fire Damage$25,000 Occurrence Customers' Goods Legal Liability Deductible: $0$25,000 Aggregate Sale and Disposal Liability Deductible: $1,000$10,000 Any One Person Medical Payments $1,000,000 Occurrence Hired Non-Owned$300,000 Each Employee Employee Benefits Liability$25,000/$25,000 Per Claim/Aggregate Employment Practices LiabilityLoc Class Desc Coverage Limit Ded Valuation Type 1 Self-StorageBlanket Building & Business Personal Replacement Cost Property $2,100,000 $25,000Earthquake IncludedSinkhole IncludedWindstorm or Hail Included 5%Business Income Actual Loss Sustained 24 MonthsPollution Clean-Up & Removal $100,000Employee Dishonesty $15,000Money & Securities - Inside $10,000Money & Securities - Outside $5,000Accounts Receivable $25,000Electronic Data $20,000Valuable Papers & Records $25,000Fine Arts $10,000Employee Personal Property $10,000Limited Pollutant Removal $25,000/$100,000Cosmetic Loss Limitation IncludedEquipment Breakdown Protection IncludedPremium, Fees, and Taxes: BOP Premium: $ 7,760.00Optional Terrorism Premium: $ 31.00Total Premium: $ 7,791.00Key notes:a.
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7 January 2025 | 7 replies
If you need financial help, ask under the "Finance, Tax, and Legal" forum.
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2 January 2025 | 1 reply
The extra income is not worth the disruption to our neighbors.Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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2 January 2025 | 0 replies
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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6 January 2025 | 8 replies
If you use a DSCR loan you could maximize the equity you could take out while still breaking even on the mortgage + taxes + insurance.
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2 January 2025 | 12 replies
That immediate tax savings in the new property is better than the infinite tax deferral of the 1031 exchange.Some questions:1) why use an irrevocable trust?
2 January 2025 | 2 replies
I am a professional cabinet maker and my father is a master plumber.Estimated sale price once complete $500k+Home 2: 210k mortgage. 5 bed, 3 bath redesigned to 5 bed, 4 bath, 3,000 sq ft.
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31 December 2024 | 13 replies
A lot of young professionals like this area so furnishings should be modern and "upper-middle end", if that makes sense.
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2 January 2025 | 1 reply
Next Mortgage Note will include full loss of interest on the investment property for the GCDid you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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30 December 2024 | 15 replies
So we restricted local landlords who rent to families, and soon the town will experience the very real repercussion of no one wanting to rent to families and professionals.