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7 June 2024 | 10 replies
Use that to supplement your retirement and arent a RE junky.
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6 June 2024 | 3 replies
The townhome has appreciated in value to about $350k (per Zillow and RedFin) over the few years I’ve owned it, so estimating $150k in equity, about 45:55 self to bank equity ownership.The townhome now has a leak that has lingered and gotten worse over the few months waiting for an insurance claim decision, ultimately being denied coverage so now I’m stuck with having to cover the entire expense.I’m also considering selling the property once it is fixed so I can take the funds from this 1 single family property in Houston to apply towards funding a possible multi-family property in Austin, TX.The quotes to fix are around $15k-$20k, which I’m not excited to just pay out of pocket, nor do I think I really can at this point in time.
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6 June 2024 | 5 replies
Like, one of my colleagues mentioned on the post the insurance component has changed with the limited amount carriers providing coverage in the state.
5 June 2024 | 20 replies
They will probably not cover redoing the poor workmanship but there may be some coverage for the ensuing damage (garage light repair).
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5 June 2024 | 0 replies
I own a few condos solely under my name and with loans in the Orlando area. I have HO6 insurance and an Umbrella policy to my name. I take care of the paperwork, finances, accounting, paying bills, finding tenants, cr...
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5 June 2024 | 6 replies
I would suggest reading as many BP books as possible to supplement the BP forums.
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5 June 2024 | 2 replies
After quitting I would want to be doing real estate deals more full time and do something more enjoyable to supplement my real estate income (maybe teaching or personal training- tbd).I’ve thought of buying 1-3 more properties within the next few years and then using the income from all my properties and job to hammer down the mortgages.
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9 June 2024 | 223 replies
For example, the current zoning regulations may be much more restrictive in terms of setbacks, coverage requirements, height requirements, and so on, compared with the zoning regulations in place back when the subdivision map was approved.
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5 June 2024 | 3 replies
Following the initial scope of the rehab, my insurance company told me I'd need to update the roof for continued coverage.
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4 June 2024 | 4 replies
If your insurance coverage isn't enough, they could seize the LLC assets, but not your personal assets.Additional thoughts:1.