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15 January 2025 | 9 replies
I’m a 41-year-old father of six who loves the Lord and is driven by a desire to build a better future for my family through real estate.I own a small tile installation business, am a certified insurance agent, and am currently in the process of obtaining my real estate license.
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19 January 2025 | 8 replies
This is not a great return, but not terrible.As others noted, there are other risks, like having the property insured at full replacement or purchase price, or if the option is 100% seller financing with no money down or very little, versus 20% traditional down payment, this can start to move it into a better investment.
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4 January 2025 | 4 replies
I understand I cannot legally require them to respond, unless the notice specifically requires it, like for instance, a notice of entry, but it's making it difficult to manage the property, and I'm not sure how to proceed.
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7 January 2025 | 9 replies
I think your biggest issue with any "work-arounds" is going to be your legal liability and holding the proper insurance in case something goes wrong, which I'm going to assume you'd need to be properly licensed in order to be properly covered by insurance.
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28 January 2025 | 20 replies
Tax accountant, banker, realtors, property manager, insurance agent, etc.
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18 January 2025 | 13 replies
The transaction is insured via E&O.
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12 January 2025 | 2 replies
It's all about risk in the event of a lawsuit, which can also usually be covered by insurance.- If you decide to have an LLC for each property, creating a Management LLC that all the other LLCs "hire" to run their books, will allow you to only require a bank accont for the Management LLC.2) You may not be able to do a Trust.
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12 January 2025 | 8 replies
There's a big swing here in insurance and tax calculations I see and getting those numbers accurate are critical for your ability to not miss on good deals
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9 January 2025 | 116 replies
Second, the insurance is $1.5k which seems to be low as well.
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16 January 2025 | 12 replies
Another idea that we have been exploring is using the cash value of whole life insurance funds for emergencies.