All Forum Posts by: Lilia Matlov

 I had someone message me with a "whats your problem" last night because I called them out for not answering questions and what they do is they email people with a "can i helpyou sell this" and all they do is post it online in other places but no zero about the asset. 

@Lilia Matlov

Insurance companies are trying to figure out a new business model because their profit margins have eroded. Sounds like a lawyer clause rather than a lobbyist issue. If they file for bankruptcy, would they even have the money to pay out claims?  There are multiple options out there and it's more important now than ever to shop around.  

I have not seen that other states.  Rather than congress, I'd blame the California government's insane insurance scheme. 

Anytime the government tries to control prices, like they do with insurance in California, the market will react.  From what I have read, insurance prices in CA should be much higher than they are now, and insurers are not allowed to raise prices without approval from the State.

In one story, a guy wanted to buy insurance and was willing to pay for it but nobody would insure his Pacific Palisades home.  He went to the state program but his house was above the maximum California would cover, so he was "naked" (no insurance) when his house burned down.

If you are an insurance company hoping to stay in business in CA, but losing money, and are not allowed to raise your premiums, what would you do?  I would probably slip a clause in that says if I go bust, I'm not covering you.

Depends on your goals and the current market. There are opportunities out there but some strategies are risky. 

1 - Airbnb (STR) comes to mind - very competitive, very saturated and becoming highly regulated.

2 - Most STRs are transitioning to MTR so that market will be saturated soon if it isn't already.

3 - Insurance crisis in florida is getting bad so those costs will eat up cashflow and short term appreciation. Also Condos are dealing with high special assessments. I would say the real estate market in Florida is Risky.

4 - If you follow the navigation and growth trends you might be able to get ahead of the next opportunity wave. I have heard good things about Ohio, Indiana, etc.

5 - Due to high interest rates flipping has become highly risky and most businesses have dried up.

6 - Co-living and Assisted living seems to be popular right now.

So - really depends on your market, your strategy, and your timeline. But, opportunities are out there. It's always good to invest when there is worry and uncertainty.