All Forum Posts by: Eli M.

I really hope all of you had wonderful holidays. A quick question here, when I am building a new bathroom with a shower do I need to apply the redgard material or just the purple or green moisture resistant Sheetrock is enough?

Thank you all in advance,

Eli

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Dear BP family,

I hope all of you had wonderful holidays!!!

Now back to flipping, renting, rehabbing and improving our communities.

A quick question here. When I'm rehabbing/building a new bathroom, do I absolutely need to apply Redgard to waterproof it or the moisture resistant sheetrock is enough ( purple or green) ? Do I absolutely need both?

Thank you all in advance and have a great winter,

Eli

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Dear BP family,

I was wondering, how many of you who do a full rehab on a rental property actually hire an interior designer to help out with the layout and floor plan?

thank you!

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Dear BP family,

Would you know how can I find out about upcoming investors' meetings in my area?

Thank you all in advance!

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Originally posted by @Jason Bott:

@Mark Cohen there are not insurance products that will insure against an under performing business operation. With any insurance policy/product, an "Occurrence" needs to happen to trigger coverage. These triggers are called "Perils", such as Fire, Wind, Falling Objects, ect. In your example, there is no occurrence that takes place. Someone not paying rent is not a covered Peril.

If coverage for this exists, it would be in the insurance bonding market in some sort of form of a Performance Bond.

Please let mkenow if you do come across something, I would be interested in what the product looks like.

If a tenant suddenly stops paying can I protect myself from that? Is this considered an "occurrence" ?

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Dear BP family,

I was wondering, would anyone know of an insurance company which offers coverage for lost rents due to tenant's non-payment?

Thank you so much for your help

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Originally posted by @James Galla:

Wow thank you very much it was really useful.

How exactly can I look for mistakes and what mistakes exactly am I looking for ?

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Dear BP family,

My appraisal came in lower than I expected.

What is the best course of action now?

For the future, can I ask the appraiser to send me the draft before he submits it to the bank?

In case the new appraisal is higher can I sue the old appraise?

Thank you all in advance

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My dear BP family,

I am having a situation over here. Due to a job relocation, I am abroad right now and planning on being here for the next six months. I was scheduled to close on a refinance loan now but my lender told me I have to physically attend the closing and even the Power of Attorney won't help (going to a local American consulate/embassy also won't help) .

What legal and creative solution can you suggest?

Thank you all in advance,

Eli K.

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All Forum Posts by: Eli M.

Eli M. has started 132 posts and replied 221 times.

Post: A good exterminator in Philadelphia

Post: Redgard vs moisture resistant Sheetrock

Post: A contractor's advice needed

Post: Is there a need for Interior Design

Post: Investors' upcoming meetings

Post: loss of rent insurance

Post: Rent loss insurance coverage

Post: Appraisal is too low

Post: Appraisal is too low

Post: Remote closing abroad