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Results (6,136+)
Eddie L. Roofstock Deal - Beginner Analysis (Requesting for Help/Advice)
2 February 2022 | 14 replies
Yea I've browsed through a lot of posts on everyone's experience with different platforms such as REINation, RenttoRetirement, Roofstock, etc.
Eric Lee Nation What Could Be Done Better
8 November 2021 | 11 replies
@Eric Lee Nation    I did ins claims in another life for 14 years - I do not recommend that EVER as someone's employment but I did learn a few things.Here's 2 things agents or no one will tell you -- your Replacement value (RV) on the house is JUICED up way higher than what's realistic -- however you have a relatively inexpensive house so it's not much of an issue - but typically the reason they juice the RV is to get your wind/hail deductible higher -- typically 1%, 2%, 3%, 5% of RV is what your wind/hail deductible will be even if you had a $1k or whatever other deductible they offer for any other peril -- so follow me for a minute - you bought a rental for $150k -- they've juiced the replacement cost to $250k the most likely loss in KS or the midwest in general is going to be wind/hail --- the math actuarial nerds do this so the casino or the ins company in this case has the upper hand -- do the math what a 2% or 3% deductible on a $250k house will be -- I have a commercial building insd for over a million -- the lowest wind/hail ded they will give me is 5% -- the only reason I have ins at this point is I'm required to -- the wind hail coverage is worthless to me with as high as the deductible is.Anyways with that out of the way - ask your agent if you have a 3% option - at that RCV cost they figured of $99k that wouldnt be much different than the $2500 all perils coverage you have now -- Also I'd wager as someone mentioned dropping the med payments to others coverage -- it probably wont make a bit of difference in your policy cost -- I could be wrong - but I'd guess $25-50 dollars a year -- your coverage is the price it is due to the perceived wind/hail risk the company is putting on KS.I'm with Big Red and have been for a # of years -- your price to insure that house is on par with what I get from them for that replacement cost -- though i think State Farms game is a bit different they really jack up the Replacement cost so I have higher wind/hail deductibles -- I'd make out good if the house burnt down or a tornado destroyed it - but for a hail claim there wouldnt be much there.
Tom Ford What to do with my former tenants debts?
31 October 2021 | 1 reply
I know, it’s rude of me to do such a thing, but had no better idea what to do.Well, the thing is that the guy owes to his bank thousands of dollars as he kept depositing money to various online casinos.
Caitlin Brennan Advice on house hacking a multifamily in Orlando?
17 November 2021 | 9 replies
I don’t have any property in particular in mind yet just have been browsing Zillow!
Jaxon Poulton Mentor recommendations from experienced real estate people
1 January 2022 | 2 replies
I have been browsing the most popular real estate mentors online.
Josh Green Anyone know of portfolio lenders?
7 January 2022 | 7 replies
For starters start browsing other posts that are similar to yours there are a lot out there.
Anthony Howell What happens to sellers who use discount brokerages?
29 January 2022 | 0 replies
I was browsing through Zillow and I saw a house that had sat on the market for a long time in my area.
Abhishek Prateek Recomendations for Real Estate Savvy CPAs?
31 January 2022 | 1 reply
Browse this forum, and you will see 20+ of tax professionals specializing in real estate, answering questions.
James Colgan Sunny Isle STR - Looking for advice and info!
19 July 2021 | 2 replies
Just minutes away you have Gulfstream Casino, the racetrack, and Aventura Shopping Mall.
Ryan Williamson Can’t find a bank to give me a loan for my new LLC
14 May 2021 | 45 replies
Because when you will seriously learn about them (and not by only browsing this forum for generic information), you will definitely not make that kind of broad statements anymore.