Before I purchase an insurance policy I wanted to seek some guidance on the best way to proceed.I received 1 quote so far for a HO3 policy that has 600k+ of dwelling coverage, 70k of additional structure, 450k personal property, 200k loss of use, 500k liability, and a few extras like equipment breakdown, water backup, service line.

I just got off the phone with a seller who states that in a land contract, he would have to pay back up to 80% of payments to the buyer if the buyer defaults.

I happened to have the cash to pay down the balances so my credit scores went back up and I refinance into a 30 year loan, got the majority of my cash out of the property except for ~$6K, and paid back the cards and such.

@Nathan Grubb My box stores don’t carry any type of coil stoves anymore other than the cheapest of the cheap 2 burner apartment stoves.

It took ten years to get the properties back up to a good profit level as I was Short Selling and finally Selling the last few for up to $100,000 Profit.

I’ve established back-up to my systems and standards through a contractor who also manages several properties.

I added rough-in only of a back-up generator. 

Treasuries are down close to 30 bps in the last 8 business days.The reasonable bet based on tracking the last year is that they’ll swing back up 20-30 bps in the next couple weeks….What’s the over, under here?

Make sure you have a backup plan (contingencies) for if/when obstacles arise and you’re required to spend more money and possible more time (3-6 months) to the overall project. 

Yes, prices are coming down here as inventory slowly trickles back up to to pre-COVID levels.