.🌟 Pro Tip: Next time someone questions your real estate investments, ask them if they'd turn down an opportunity to buy shares in a company that:Pays monthly dividendsLets other people pay off their investmentOffers significant tax advantagesCan be improved to increase returnsCan be bought with 80% financingBecause that's exactly what you're doing with real estate!

Really looking for tips on what to do from investors who have been in this type of situation.

Here are my top 5 tips for starting the new year off right!

I gave her 30k in 2024 and that was to buy a new car to replace her 15 year old Accord (which just keeps on running). 

If you're insuring a home to replacement cost, insurance companies don't care about appraisals or what the home is worth.  

However, I wouldn't necessarily recommend full replacements of any or all of them. 

.- Phase 2 (April 1, 2022)Applied to all remaining existing policies, transitioning them to the Risk Rating 2.0 methodology upon renewal.The new system replaced the decades-old approach to calculating flood insurance premiums, aiming to provide fairer and more accurate rates based on individual property risk.Before Risk Rating 2.0, flood insurance premiums were mainly based on whether a property was inside or outside a designated flood zone and its elevation on a map. 

Any tips and tricks and knowledge will be much appreciated.

Have had to replace a furnace and appliances thus far so I'm in 80K *.25 (20% down plus closing costs) + ~10K so I'll be making profit in year 3-4.

For my rehabs, I pull owner builder permits where needed even for work done by licensed contractors.My jurisdiction does not require permits for cabinets, counters, or flooring replacement.