(Watch the YouTube video of this episode here)

This episode we dive into the complexities of home insurance in the face of rising costs and market instability. We talk about how natural disasters, climate change, and dense housing markets are affecting insurance availability and premiums. Discover actionable advice for navigating these challenges, including exploring secondary markets, understanding government policies, and considering self-insurance strategies.

// Key Moments

• 00:00 Introduction to Furlo Capital Real Estate Podcast
• 01:38 Rising Costs and Unavailability of Home Insurance
• 04:54 Government Policies and Insurance Market
• 10:58 Self-Insurance and Risk Pooling
• 15:16 Final Thoughts and Opportunities in Insurance

//Key Lessons

1. Avoid the high insurance trap: If you’re looking to invest in real estate, consider secondary markets where insurance isn't a financial nightmare. Big cities might sound glamorous, but rural towns can be a safer bet for your wallet!
2. Question everything when it comes to insurance: Don't just assume your investment comes with the standard insurance package. Ask about what happens if a property turns to ashes or how risks are mitigated. The more questions you ask, the less likely you are to be caught off guard!
3. Explore the idea of going all-cash: If you’ve got the means, buying property outright can save you from the insurance headache. No mortgage means no forced insurance—just be ready to handle any potential disasters out of pocket.
4. Consider the co-op insurance model: For the big players out there, consider self-insuring or forming a risk pool with other investors. It’s like starting your own insurance club, but way cooler.

// Let's build your wealth and improve housing, together.

I'm James Furlo. I live in Oregon, where I help people invest in real estate passively. Over the last 14 years, I've purchased over $4 million in real estate, and I’m excited to give you the opportunity to partner with us and experience the joy of building wealth while improving housing.

Access private investment opportunities, exclusive market updates, principles for passively investing in syndications, and behind-the-scenes insights.

👉 Join our investor club: https://furlo.com

❓ 196 questions passive investors should ask: https://furlo.com/good-deals-only-ebook

✝️ Are you a Christian thinking about investing in real estate? https://furlo.com/christian-investor-ebook

// Disclaimer

Please note that investing in private placement securities entails a high degree of risk, including illiquidity of the investment and loss of principal. Please refer to the subscription agreement for a discussion of risk factors.

(Watch the YouTube video of this episode here)

In this episode, we discuss the significance of consulting experts and share insights into four intriguing properties we are evaluating. From a haunted house teardown project to challenging foreclosure deals and a promising mobile home investment, learn about the strategic thinking, financial considerations, and decision-making processes involved in these potential investments.

// Key Moments

• 00:00 Introduction to Furlo Capital Real Estate Podcast
• 01:43 Exploring Four Potential Real Estate Deals
• 02:31 Deal 1: The Haunted House
• 09:43 Deal 2: The Foreclosure in Salem
• 15:43 Discussing Mortgage Rates and Time Management
• 16:32 Analyzing the Fourplex Property
• 18:02 Exploring the Brownsville House
• 26:52 Mobile Home Investment Opportunity
• 29:07 Conclusion and Final Thoughts

//Key Lessons

1. Know when to pivot: James’ haunted house deal teaches us that sometimes, shifting strategies, like paring down from 40 units to eight, can make an otherwise impossible deal work in the current market.
2. Real estate is a relationship game: Whether it’s getting a free breakfast or negotiating with park owners, building relationships can be just as important as closing deals.
3. Don’t get attached to potential: Like the builder couple with grand visions, it’s easy to fall in love with a project’s potential, but if the numbers don’t add up, it’s time to walk away.
4. Keep the long-term in mind: The mobile home deal for a dollar shows that even small, seemingly insignificant deals can become profitable when you consider the broader strategy and relationships, like the park owners who just want their lot rent.
5. Don’t ignore red flags: The development project with all the red flags, like unapproved tree clearing, reminds us that ignoring warning signs can lead to bigger problems down the line.

// Let's build your wealth and improve housing, together.

I'm James Furlo. I live in Oregon, where I help people invest in real estate passively. Over the last 14 years, I've purchased over $4 million in real estate, and I’m excited to give you the opportunity to partner with us and experience the joy of building wealth while improving housing.

Access private investment opportunities, exclusive market updates, principles for passively investing in syndications, and behind-the-scenes insights.

👉 Join our investor club: https://furlo.com

❓ 196 questions passive investors should ask: https://furlo.com/good-deals-only-ebook

✝️ Are you a Christian thinking about investing in real estate? https://furlo.com/christian-investor-ebook

// Disclaimer

Please note that investing in private placement securities entails a high degree of risk, including illiquidity of the investment and loss of principal. Please refer to the subscription agreement for a discussion of risk factors.

(Watch the YouTube video of this episode here)

In this episode of the Furlo Capital Real Estate Podcast, we share a detailed account of our journey with a fixer-upper property on 1st Avenue. We discuss the initial purchase process, unexpected challenges, and the eventual profitable sale. We highlight the importance of wise investing, even in less-than-ideal properties and neighborhoods.

// Key Moments

• 00:00 Introduction to Furlo Capital Real Estate Podcast
• 01:55 First Avenue Property Purchase Story
• 04:07 Initial Impressions and Purchase Details
• 06:07 Living in the Fixer-Upper
• 10:04 Challenges and Solutions
• 11:34 Turning the House into a Rental
• 13:04 Investment Performance Breakdown
• 15:06 Selling the House
• 16:55 Current Projects and Reflections
• 21:34 Final Thoughts and Outro

// Key Lessons

1. Check the listing twice before swiping past: The most unassuming properties can hide significant potential, like the moss-covered, pink-eyesore that became a cash cow.
2. The ‘fixer-upper’ strategy doesn’t always mean fixing everything: Sometimes, the goal is simply to live cheaply—don’t confuse a property’s aesthetics with its financial utility.
3. Not every investment needs to be flashy to be profitable: A humble two-bedroom with shag carpet and a funky garage can yield massive returns if you play the market right.
4. Don’t underestimate the impact of neighborhood transformation: Investing in a rough neighborhood can spur revitalization and bring long-term community improvements.

// Let's build your wealth and improve housing, together.

I'm James Furlo. I live in Oregon, where I help people invest in real estate passively. Over the last 14 years, I've purchased over $4 million in real estate, and I’m excited to give you the opportunity to partner with us and experience the joy of building wealth while improving housing.

Access private investment opportunities, exclusive market updates, principles for passively investing in syndications, and behind-the-scenes insights.

👉 Join our investor club: https://furlo.com

❓ 196 questions passive investors should ask: https://furlo.com/good-deals-only-ebook

✝️ Are you a Christian thinking about investing in real estate? https://furlo.com/christian-investor-ebook

// Disclaimer

Please note that investing in private placement securities entails a high degree of risk, including illiquidity of the investment and loss of principal. Please refer to the subscription agreement for a discussion of risk factors.