Now, say in yr 2 you have to do added work and spend another $10k of improvements.

Additionally, demographic shifts are fueling the market—Millennials entering their prime homebuying years and Baby Boomers downsizing are adding more movement to housing activity, unlocking new lending opportunities.Meanwhile, price stabilization is taking shape.

Hi Angelica,Just adding my own 2 cents worth here from a deal I did not too long ago:I bought a prop off Auction.com about 2 years ago.

If not, these are liabilities and wouldn't advise adding debt.

But I would charge the extra 3% to cover my costs.

I've been on the western slope for over 30 yrs.I built my primary, its; Slab on grade, stucco, concrete roof, painted with E-84n roof soffits and tailings fire caulk (anti-ember) vulcan fire vents, 4 car wide concrete driveway, extra large house numbers, red 3/4" hoses on reals @every corner, completely denuded of vegetation 100ft.

.: I just added up all my interest paid in 2024.

The land is on two tax lots so my plan is to sell the extra lot immediately after closing for a projected $275K.The property on the other lot will be a fix and flip with projected costs of $240K and an ARV of $750K.I plan to use a PML of 2 points and 12% APY for 70% of the total cost.

So your saying select No Damage Protection and just submit an extra charge when it's warranted? 

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!