Jeremy Holcomb
Would you spend an extra 12-15K to add 2BR
Ok here is the deal!
Bought a dilapidated mobile home with a 720 square foot addition on a slab foundation for $4K. I knew when purchasing I would have to rebuild the mobile home. However, after further inspection I ...
Matt Wells
When should I choose ACV over RCV insurance for my rental properties?
I often hear people say they pick ACV over RCV insurance when the cost to rebuild would be more than the market value. I don't really understand that. Here is an example. I paid $173k for a duplex, but I have to have ...
Aref B.
Lakehouse flip after Hurricane Harvey
Investment Info:
Single-family residence fix & flip investment in Kingwood.
Purchase price: $130,000
Cash invested: $102,000
Sale price: $379,000
Complete gut/remediation/renovation of lakefr...
Terry R.
Insurance
Hi Everyone,
My question is do you favor replacement cost insurance vs. rebuilding cost insurance? Also, if the property is destroyed and you have only replacement cost insurance do you rebuild or just sell the land ...
Karen A.
Flood damaged property
What advice can you offer to those who are faced with deciding if they should restore or if they should rebuild flood damaged property? What factors should be considered when evaluating and assessing flood damaged pro...
Eric P.
NYC co-op gut rehab cost per sq ft
Apologies if this is redundant; I browsed through a bunch of posts and couldn't find this.What's the cost per sq ft of a TOTAL gut rehab of an nyc co-op unit that was destroyed by fire? (rebuilding interior walls, clo...
David K.
House burned down - what to expect next
My investment property had a fire and burned down... To be more exact, only half of the house caught fire and the other half got the water and smoke damage from the firemen and all that.The place is uninhabitable; ten...
Michael West
Fannie and Freddie Won't fund a "legal non-conforming"
So, I have an interesting situation here that I've never come across before and could use some additional insight from other's experiences. I have a client who is buying a Duplex with intentions to make his primary r...
Albert D.
First Multi-family Burned Down in Four Months. Help!
What the chance! The worst wildfire in Gatlinburg, TN in a decade somehow found way to my apartment buildings in downtown (near town center). Luckily all tenants were evacuated by police the night before and no one ...
Heather K.
homeowners insuance on duplex
Hello all,I am purchasing a duplex in Minnesota for $90k and the appraisal value is $100k. I'm working on getting insurance but the companies I've called want to insure it for the replacement cost of $340k. I really...