6 December 2021 | 9 replies
I've bought my first home to be flipped and I'm having trouble finding insurance companies that will offer a policy for vacant homes that includes water damage.
3 December 2021 | 11 replies
“These rules apply to all of Strategic Group’s residential communities in Alberta.”The renter owns more than 1,00 1 and 2-bedroom units in Edmonton and Calgary.The Canadian Press reported that the Strategic Group COO Tracey Steman said that the company was “very proud” of the mandatory vaccination policy.
8 December 2021 | 15 replies
@Heather Kossila The cost of insurance has ZERO to do with how much you pay for a property or what it's worth.
28 December 2021 | 4 replies
My insurance agent last week as we were casually talking said that a typical DP3 landlord policy in Florida doesn’t cover more than 2 unrelated tenants in a single family house and I needed commercial landlord policy like one for a multi family unit.
22 December 2021 | 5 replies
A word of advice … don't wait until the closing, assuming you get a plat of survey, to confirm that you're actually getting 5 acres of property.Do your own research, perhaps review with the county assessors office that the tax bill is based on the assessed value of a full five acres of property.I must tell you that you should (a) hire a real estate attorney to represent you and (b) obtain an owners title insurance policy when you purchase this property.Good luck.h the county assessors office.and google specify $5kand google specify $5k
1 December 2021 | 0 replies
Purchase price: $43,500 single family, Buy, Rehab, Rent & Refi Deal, ZERO money in deal after refi.
1 December 2021 | 0 replies
Purchase price: $55,500 2 units ranchette with acreage, Buy, Major Rehab, Rent, Refi Deal, zero cash in after refi.
3 December 2021 | 11 replies
Jones IRA to 5% what ever it takes to get to 100% and be under 10 different bene's.In Practice the company will fund the whole loan then go to selling up to 10 fractionlized peices off via an assignment same assignment you use when you buy your notes.. in the old days we had to pay for a 104.1 endorsement for the title insurance to follow us.. now it does automatically with the way the notes and policies are written.In a default situation again the CA disclosures also include a document that lets the servicer/who is a RE broker act for the group and start the foreclosure before these agreements were made its was a cluster believe me I lived it as you need 100% of the bene's to agree to foreclose .The only way that the servicer or company can pay in a default scenario is they have to disclose they are paying and or buy you out.. other wise its just like any other note NO pay you foreclose simple as that.
3 December 2021 | 12 replies
Cap rates are tied to investor risk tolerance and debt is cheap so risk is less — therefore cap rates compress.
5 December 2021 | 4 replies
It’s too bad you couldn’t stay as a primary and enjoy zero taxes sale, but let’s try this…$850k sales price minus $50k in commissions = $800k.