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3 February 2025 | 7 replies
I live in El Paso, TX and would like to invest close to home first before venturing in long-distance.
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12 February 2025 | 4 replies
Quickest way to put single family home rental into LLC. Recently had a tenant’s friend slip and fall. Worried about asset protection. Also best type of insurance. We have rental permit, lease. Live in Florida but own ...
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20 February 2025 | 11 replies
.- 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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2 February 2025 | 5 replies
The time has come for me to start investing in real estate and before doing so i'm looking to build a strong and dedicated team of partners: agents, lenders, contractors and property managers mainly in the Cleveland area (but also open to markets within a 2-3 hr drive away) that already possess an excellent track record in their line of work and that value long term collaboration.
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21 February 2025 | 4 replies
I'm going to buy my first property within the next couple of months and I'm curious about how people manage their properties when they are not within a driveable distance of them.I understand they have property managers but where do you find them?
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29 January 2025 | 4 replies
Since my first property is long-distance, I figured it’d make sense to look for my next one closer to home.
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3 February 2025 | 3 replies
Upon inspection the appraiser will see the crawl space and see it was a mobile home plus a HUD tag and public record.One of the requirements in mobile home financing is the property "Must" be on a concrete permanent foundation(in order to be real property) on top of that it requires concrete pillars, skirting and the "Well and Septic" dug and placed within legal distance from subject property.
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13 February 2025 | 2 replies
As far as hiring the other trades, this can be difficult from a distance, who is helping locally?
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5 February 2025 | 2 replies
LTR could get $3200-3400.3-just purchased in August a townhouse in Costa Mesa California 3 miles from the beach walking distance from the back bay great location.
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20 February 2025 | 16 replies
I do hope we move and stay in San Diego long term (20+ years) like I have with Chicago (40 years).