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24 September 2024 | 22 replies
Call customer service with a local title insurance company and ask for a trio (printout, map and deed).If all you are wanting is the name of the owner the title co should just give you that verbally.
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23 September 2024 | 0 replies
Do we need to get workmen compensation or other liability insurance?
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23 September 2024 | 9 replies
Your standards can be even tighter based on bedroom size, flexible space, plumbing capacity, and other factors.Check out the Keating Memo from HUD to learn more: https://www.hud.gov/sites/documents/DOC_7780.PDF
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23 September 2024 | 9 replies
To protect your assets, creating a separate LLC for the third property would better isolate liability, though it adds administrative and insurance costs.
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23 September 2024 | 7 replies
Same for many of these costs (except title insurance).
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19 September 2024 | 11 replies
Your insurance covers your stuff.
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24 September 2024 | 8 replies
There are ways around it but you have to know regulations before you can insure you are in compliance.
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22 September 2024 | 7 replies
He earned quick money as a wholesaler, and I have a house to keep)Rehab cost: $20k (vinyl floor, interior paint, new dual pane windows, new toilets and bathroom vanities, lights, new landscape, new AC condenser, all done by handyman, spent some extra money for minor plumbing and electric jobs, hydro jet sewer lines, clean up attic (had mice), added some insulationTime spent: 3 weeks (two handymen for the first two weeks, one for the last week)Value after repair: probably around $440kJobs still need to be done later: some dryrots, roof work (it's tile roof, roof doctor quoted me $9k, handyman said probably $5k, home inspector said $15k you can get a new shingle roof.
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22 September 2024 | 41 replies
I would be a stickler about making sure they had the correct insurance.
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18 September 2024 | 1 reply
Insurance renewals have been almost doubling for us.