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20 February 2025 | 11 replies
.- Types of Floods: Includes heavy rainfall, storm surges, and river overflow.- Elevation and Distance from Water: Higher and farther properties generally face lower risk.- Rebuilding Costs: Higher-value homes may have higher premiums due to more expensive repairs.What This Means for Homeowners- Fairer Premiums: Properties with lower risk may see lower premiums, while higher-risk properties may face increased costs.- Gradual Rate Increases: Increases are phased in over time for policyholders who see higher premiums, with annual caps on the rate hike.- More Predictable Rates: Rates better reflect the real risk rather than just being based on a flood zone map.Example Scenario (Simplified)- Old System: A house in a designated flood zone pays $1,000 annually, regardless of its elevation or distance from the water.- Risk Rating 2.0: That same house may now pay $1,200 if it's closer to the water and more vulnerable or $800 if it's higher up and better protected.Flood zones still matter under Risk Rating 2.0, but their role has changed.
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20 January 2025 | 6 replies
Do you have any types of properties for rental (SF, 2-4 MF, or 5+ MF)?
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19 January 2025 | 1 reply
Do you have a preferred type of property and price range you're looking for in general (knowing the costs can be different based on they market)?
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10 January 2025 | 67 replies
The major advantage DSTs have over many other types of passive real estate investments is that they qualify as replacement property in a 1031 exchange.
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21 January 2025 | 3 replies
However, I’m not sure how to accurately determine its value, given the configuration and the fact that it’s not fully rented.My Concerns:Determining Value: How should I calculate the fair market value for this type of property?
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21 January 2025 | 15 replies
LTRs do not face those types of situations.
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5 February 2025 | 13 replies
so that's the type of thing I'm talking about.
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23 January 2025 | 7 replies
I've realized that embracing all types of Investors and expanding my Network in every way aligns with my Goals and benefits the Investing Community as a whole.
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24 January 2025 | 6 replies
I am seeking a partner with significant financial resources to help bring my vision to life.I am open to any advice or ideas you might have.Thank you, I agree with Jay, you will not find a lender to lend on this type of project but you are going to need to bring in an equity partner.
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25 January 2025 | 155 replies
Often this type of connect is well worth the money, if real life experience is the same as advertised.