All Forum Posts by: MiKall D.

Hello, I am seeking expert advice on any (dis)advantages between two scenarios.

Context: 
I am a full-time employee who works from home, I do not report to an office.
My employer (HQ in Portland, OR) employs hundreds of employees who are either 'remote' or have assigned 'desk locations' throughout the country. My desk location is Seattle, WA. My drivers license is Washington state.

My parents reside in Wisconsin. I purchased my first investment property, a triplex in Wisconsin, in May 2023. I am the single-member owner of an LLC in Wisconsin. I am staying with my family in Wisconsin for the summer/fall, exact length of time is to be determined and flexible.

I intend to purchase an owner-occupied multi-family property this summer and would like to take advantage of the lower 5% down-payment.


Question: What, if any, are the advantages of one of these scenarios over the other?

(WI taxes on my corporate income, concerns from my employers perspective, etc.)

Scenario 1: Request my employer mark my work location as 'Remote'. 

Scenario 2: Request my employer mark my work location as 'Wisconsin'. 

*I do not wish to trick my employer or any financial institution, I simply want to take advantage of the 5% multifamily down-payment and flexibility of my corporate job.

Hello BP community, 

I am under contract on my first investment property, a tri-plex in the Fox Valley. 

The property will not be owner-occupied, and thus I understand "Homeowners" is not the appropriate insurance type. While reading BP forums, a post referenced ""Dwelling/Fire" (also called Landlord by some carriers) Policy". I am unsure of the amount or type of coverage is appropriate or safe, and I fear my greenness will lead me to either over-pay/over-insure or underinsure.

The topic of investment insurance is extremely foreign to me and so any information would be extremely helpful.  Is there anyone in the Fox Valley/Wisconsin area that has information or an agent referral?

Building Replacement/Rebuilding costs vs Depreciated Value, adequate coverage for loss of rents, optional coverages that may be important(Water Backup, Personal Injury Protection, Equipment Breakdown, Utility Line coverage,...)

Thanks so much!