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30 December 2024 | 11 replies
The coverage limits are as follows:$200k -> Dwelling Premises Liability -> $300,000 per occurrence Medical Payments $500 per person / $25,000 per occurrence Additional Living Costs And Fair Rental Value -> $19,000 Loss Assessment Coverage -> $1,000 Ordinance or Law -> $20,000 or 10% Water Damage Limitation -> 10% ($20,000) Deductibles All Other Perils -> $2,500 Limited Theft Coverage -> $2,500 Water Damage Deductible -> $5,000
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31 December 2024 | 6 replies
The key takeaway was timing...selling each property in a way that allowed him to hit the 45-day identification period without rushing into a subpar deal.In your case, with SFHs in Jacksonville and Ocala plus that duplex in Port Charlotte, I’d look at where each market stands right now and figure out if there’s a single buyer who’ll pay close to fair value for the whole set or if you might do better by splitting them up.
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4 January 2025 | 26 replies
Usually, they just want that and will stop, but there are always some outliers and sometimes it is our fault and our job is to respond and correct and accept the review.Your second point is fair too.
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2 January 2025 | 30 replies
Even though the nightly rate is high, the RE has such high value that the margins are fairly tight.
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26 December 2024 | 4 replies
So things like, xbox/playstation ping pong for the kids maybe a turf strip to play some putt-putt for the adults etc...
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24 December 2024 | 4 replies
So if I am looking at an asset as a 10 year play - I look more at the location, schools and how has this market performed in the past excluding covid and 2008 which were extenuating circumstances.Reality is right now shorter term plays do not work based on numbers and cost of financing - we went through this same thing in 2001-2004ish timeframe where properties would appreciate 2-3% per year and after buying costs and closing costs - you were not making money on assets unless you performed the labor or found a really good deal.this is how real estate "typically" is - which is why everyone always says location location location - because after a decent holding period, you will win.
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5 January 2025 | 12 replies
Worse than negative cash flow is buying out of negative cash flow at current rates.Note I put forth certain effort to keep my leverage high Until the recent rent hikes, it was fairly simple to refinance every few years and keep the leverage without large penalty from rate differential.
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30 December 2024 | 7 replies
Could mineral rights come into play?
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29 December 2024 | 8 replies
However, still one of the best plays out there.
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29 December 2024 | 17 replies
Your expertise, experience, and intuition in real estate play a crucial role in making a good deal happen.