I've worked in several different industries throughout my working life.

Stepping into the shoes of the insurance company is to my mind "self insuring", although as you pointed out, the insurance industry has different terminology for it, perhaps to exclude the notion that anyone but a regulated insurance company can officially insure something.

However anyone owning a building near public transportation will be ahead of the game while the suburbs are going to dry up only bc im the only person I know who wants to own a nice big house with a yard and the red neck in me will build a bigger garage in the back but most of these young people who don't want to buy they all want to rent so they aren't tied down and can travel and than live down town with a short commute to work...Everyone has there own opinion but me I think that an out of the money call option on apple would be a better value than an 800k townhouse in some ex industrial area of Jersey or wherever it was because I already know the places with the good school districts and easy commute to nyc they were over built 10 years before I was even born so basically if you can afford it buy where you KNOW it is desirable AND If not it is a gamble at this point.

I'm a new member who is so passionate about the real estate industry.

Obviously it grows more quickly in warmer conditions, but mold damage can get costly to remove and isn't always covered in insurance policies as Mold/Fungus is a standard exclusion in the industry.

@Gary Freidman all good points above.The only "good" thing I see about this opportunity is it was built in 1958 not 1900 like most or our duplexe's here are.Other than that, I would highly suggest you pass [for now] and stick with solid SFH 3/1-up projects until you get a better feel of the city.I've mentioned before, that I had several of these at one point and yes, they are VERY sexy on paper until reality hits about 3-6 months after you buy it and realize that the vacancy is very high, it's been vandalized 3 times and the tenants you did final get to move in ended up doing $5k in damage in just 6 weeks before you had to evict them [true story].I work with a lot of investors like yourself that jump in early into a project like this that end up getting burned and it leaves our industry with a black eye.I hope that helps.Feel free to PM with any specific questions that I may assist you with.

This strikes me as a town that has artificially low real estate prices due to government capture by the casino industry.

I have over 12yrs experience in the fitness industry and can help most anyone looking to better their health, diets, workouts, etc.

True wholesalers do not need BP market place. they simply sell to the turn key guys in the markets they are in, or to rehabbers.what you have is a bunch of newbie types that learn on the open forum side then default to market place to try to sell things, so your not getting the true players in the industry in the market place by and large..

Hey everybody, My name is Matt and I am completely new to the real estate industry looking to learn as much as I can.