
23 June 2018 | 1 reply
Always good for everyone to hear of these types of situations and to insure that when evaluating the deals, to understand a good reserve/LOC is required for just such instances.

18 July 2018 | 4 replies
*****I DONT THINK SO - MEDICAID Is going to ask where the house went - maybe they dont catch it right away but they will - *** family didnt appear to do any estate planning - they will need to spend that money on her careThe way I can put it if the family is wanting to get out of paying - and they think spending $3-6k or whatever amount is needed for her care is too much then they need to factor in 24/7 care at $12/hr + 15% for taxes, food, utilities, rent, insurance, outside upkeep, maintenance etc and add that up for a month and they will see what a bargain ALF can be
24 June 2018 | 2 replies
Pretty sure you cannot write off utilities and insurance since it is your residence (you could if it were a true flip).

26 June 2018 | 10 replies
Most often taxes are based on an old selling price, insurance is out of date, etc. get your own numbers.

25 June 2018 | 3 replies
That tax savings is re-invested/distributed to charity and can be used to purchase a very large life insurance policy that serves as the mechanism to replace the wealth that you donated to charity.

25 June 2018 | 4 replies
I am a licensed and bonded Public Insurance Adjuster as well as an experienced skip tracer.
23 June 2018 | 1 reply
Went to college for architecture and have worked in my professional life as a building inspector, insurance underwriter, and actuary, and I lived in a 2-fam and had two more 2-fams in my hometown of Buffalo, NY, and sold those when I got a job offer and moved to New Orleans, LA.

26 June 2018 | 17 replies
There is a reason things like insurance and proper deal structure exists :)

24 June 2018 | 4 replies
They are losing massive amounts of money monthly due to 13k worth of insurance and flood insurance annually.

24 June 2018 | 3 replies
We both manage our own units, and just pay a master condo insurance for all exteriors/yard/fence together.