All Forum Posts by: Micah Hensley

@Josh Chappell I’ll message you

@Alyssa Dyer I’ll message you!

Thanks for the input! Much appreciated.

Hey everyone! I'm shopping around for insurance for our first Single Family we are about to close on. I have a couple of questions that I hope your collective mind can help out with! We are BRRRR'ing this one!

1. Is it common to have the insurance be one thing before rehab (at the time of purchase) and then different once rehabbed?

2. What are the particular items, limits, deductibles, etc you look for when shopping around and like to see? If it helps this house is in Oklahoma.

3. What seems to be a decent rate you've seen on a single story 1300 sq ft. ranch? (No fireplaces, 2 bdrm, 1 bath, no garage.)

thanks in advance for your help!!!

And just to clarify, I will have both local and out of state properties!!! 

Good Afternoon BP Community!!

So we are about to close on our first rental property!!! YAY!!!

In doing so we are trying to get all our ducks in a row and be ready for this. We know we need a seperate account for the "business" that is not our personal account, not a problem. (as well as an escrow account for deposits...). I remember hearing on a podcast this summer (was listening in on a friends on a car trip so I don't know which one to go back and find it...) about someone who used Online banks. One reason was the % on interest was higher.

So what are everyone's thoughts on using an online bank vs. a local or national bank with a brick and mortar location?

Thanks in advance!

Good Afternoon BP Community!!

So we are about to close on our first rental property!!! YAY!!!

In doing so we are trying to get all our ducks in a row and be ready for this. We know we need a seperate account for the "business" that is not our personal account, not a problem. (as well as an escrow account for deposits...).  I remember hearing on a podcast this summer (was listening in on a friends on a car trip so I don't know which one to go back and find it...) about someone who used Online banks. One reason was the % on interest was higher.  

So what are everyone's thoughts on using an online bank vs. a local or national bank with a brick and mortar location?

Thanks in advance!

@Aaron K. That makes sense. Brandon May have been meaning when making offers in person not through a realtor. Never thought of that!

So I mentioned doing two offers like has been discussed some on the podcast to my realtor. You know, like make the offer of “a” or “b +closing”. A strategy Brandon has mentioned. But the realtor brushed it off and said “I’d just do “a” then if they don’t accept you can do “b”. How do you get them to understand the strategy?

@Greg Dickerson I'm in the KC area and just getting started into the whole investment property biz too! Looking for BRRRR properties!