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26 December 2024 | 18 replies
Let's say they need to foreclose and the borrower picks up the Yurt and moves it - now the entire loan they underwrote is thrown out, along with title insurance, and the lien on that property.- Value: A SFR, or 2-4 unit (what it would be in this case) are residential assets and thus are valued off the "sales comparision approach" rather than the income approach.
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31 December 2024 | 57 replies
From what i understand, the space heaters are a big fire hazzard. does your insurance allow them?
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29 January 2025 | 107 replies
Yeah Im already on it and also added insurance trough Cleveland water for like $10 a month per property.
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9 December 2024 | 5 replies
His lawyer even told our lawyer he had a crappy case.I was a bit annoyed that our insurance company settled for a $70K payout.
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19 December 2024 | 5 replies
Even when the deed is recorded you will be unable to obtain title insurance for at least a year from the date the deed is recorded.
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17 December 2024 | 5 replies
E&O insurance most likely
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24 December 2024 | 9 replies
Just make sure you account for Denver’s higher property taxes, insurance costs, and the ever changing landlord regulations when running your numbers.Feel free to ask more questions about the area or strategies—I’ve helped clients with similar goals and have personally done house hacks and short-term rentals around Boulder and Denver.
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18 December 2024 | 2 replies
Florida did just have back to back hurricanes but a proper master insurance policy and coverage usually covers that type or perilYou are facing a declining cash flow situation which is due to the HOA fee's so while there is still a profit and you have equity sell and look for a 2-4 units.
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18 December 2024 | 26 replies
I also review the insurance costs and try to get a solid estimate of coverage expenses to fine-tune my calculations.
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20 December 2024 | 1 reply
Here are the details of the property:Property Overview:Location: Texas2 lots, 2 warehouse buildingsFinancials:Mortgage: $4,897/month (balance: $530,000)Insurance: $830/monthProperty Tax: $1,800/monthBuilding 1:1 tenantRent: $7,570/month12,000 square feetBuilding 2:3 tenantsTenant 1: $2,850/month (5,000 square feet)Tenant 2: $1,793/month (2,500 square feet)Tenant 3: $895/month (1,250 square feet)The property was appraised for $2,200,000 three years ago.Given the current rental income and expenses, the cash flow is decent, but my family friend is looking to explore options that could potentially yield better returns.Would it make sense to:Sell the property outright and invest in higher cash-flow opportunities?