Robert F.
Do I need an umbrella policy??
11 June 2024 | 8 replies
An Umbrella policy provides additional coverage if the limit on your Homeowners or Auto policy is exhausted due to a covered claim.
Jacob Shumate
Difficult Tenant in House Hack
7 June 2024 | 3 replies
I was very polite and empathetic about his situation which I told him he could contact auto or rental insurance to file a claim.
T. Alan Ceshker
Wraps and due on sale clause
15 June 2024 | 87 replies
And thanks for reminding me to back fill some detail.Some things off the dome - disclaimer - there may be more:- we review the file for disparate loan amounts (ie underlying lien cannot be more than new)- we assist with getting insurance in place- I stay involved in all my wraps post closing - if needed- we have auto releases in our deed of trust to avoid needing seller when all are paid off- we provide POAs to handle return of escrows and insurance claim proceeds- we advise how to handle re 1098 tax notices- we actually step in if there is overreaching or errors in structure/contracting- we encourage 3rd party loan servicing companies be used- we require the wrapped note to be obtained and reviewed before closing- we encourage an RMLO be used to vet end buyers- we advise of all required state and federal disclosures be usedThat is all I have off the cuff -- but very much looking forward to hearing from others on their risk avoidance measures
Marshall Rousseau
Rotten Redwood Repair with Fix-it-all?
5 June 2024 | 3 replies
fix-it-all (joint compound with some additives) is not suitable for exterior at allYes it will wick in water as the paint deteriorates, and cause more rot, and keeping a good coat of paint on it won't be enough long-term in many/most climates.bondo (polyester auto body resin) is a cheap-ish "alternative", although harder to get detail work just right and not really all that suitable anyway (maybe ok with a good epoxy / primer, perhaps?).
David D.
Using a predictive model to find undervalued properties.
11 June 2024 | 46 replies
Instantly I can tell the hottest markets from the normal and cold ones, and separately determine which one's I am priced out of due to crazy high values.As for your auto-ARV feature, yes it can be done.
Barb F.
Primary —> rental: overwhelmed in Virginia
7 June 2024 | 4 replies
I have my auto and homeowners bundled with Geico / Liberty Mutual.
Joseph Widen
Bankruptcy and a very complicated Mortgage question
6 June 2024 | 7 replies
It has to be presented through your attorney (or by you, if you have the knowledge of the process).You lender on the auto has a say as to whether you keep the car.
Zachary Engen
HELOC to fund 100% fix and flip
5 June 2024 | 2 replies
Heloc rates in my area are 8.5% whereas HML was quoted at 12% and 2 points.once I finish the heloc can I pay off the principle only like I would with say an auto loan?
Jason Morris
How does Renters' Insurance Protect Landlords?
4 June 2024 | 5 replies
My friend has worked for Progressive Auto for 10+ years and even he says it's insane.
Nathan Gesner
Are you investing in self storage?
6 June 2024 | 57 replies
Using a 2 acre site, Fence- $20,000, Auto gate $20,000, Road???