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24 February 2025 | 5 replies
Many contracts allow for the buyer to do some due diligence that could include things like inspections, zoning, whether the property is insurable, etc.
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15 January 2025 | 6 replies
Insurance typically covers only the directly damaged area, not undamaged flooring, even if it's continuous.
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20 January 2025 | 7 replies
Get replacement cost hazard insurance along with an umbrella policy of at least $1M, probably double in your area.
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13 February 2025 | 22 replies
Now that it’s a rental, you can deduct mortgage interest, property taxes, insurance, repairs, maintenance, and depreciation to reduce taxable income, but depreciation will be recaptured at up to 25% if you sell.
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24 February 2025 | 37 replies
Since making a career switch to real estate, I've been involved in numerous studies adding my expertise in statistics and housing policy with NAR, HUD, Fannie Mae, Freddie Mac.
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16 February 2025 | 2 replies
The house has appraised for $335k, my hard money note is for $242k, and I'm looking at only about $15k out once closing costs, taxes, and insurance are accounted for.
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20 February 2025 | 7 replies
On the roof is there hail damage where it can be insurance claim worthy?
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19 January 2025 | 41 replies
Make an insurance claim and buy all new stuff.
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7 February 2025 | 0 replies
With the right tax strategy, you can maximize deductions and reduce liabilities, while having the right insurance and reserves in place will protect you from unexpected costs.By Implementing a quarterly financial review to assess performance and make adjustments to avoid cash shortfalls.
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17 February 2025 | 8 replies
Our avg monthly expenses with reserves is around $1500 (mortgage, taxes, insurance, utilities, reserves ect).