For those of us planning a series of rapid-fire BRRRR purchases, the notes on avoiding a 6-month or 12-month seasoning period (and routing the mortgage through the LLC) are absolute gold.

Or, if you'd like the plain English: "Liar liar pant's on fire"....

I have a claim in right now for a fire.

Hello Jeff,1st run and hide when you hear the word Reit's, those are flaming dumpster fire's, and are going up in smoke.When you are buying land either at auction or at a private sale you need to understand what you can do with the land currently, and what can be done in the future.Basic land questions:1.

Specifically, we have a commercial property in California that recently had a massive increase in the fire insurance premium.

In my area, not only is there zoning regulations, but building regulations where 3 families are built to different building standards, such as cement walls for boiler rooms, sprinklers, fire escapes to name a few.

A fire etc resulting valid claims in excess of your insurance coverage can wipe you out otherwise.

An Architect can look out for your best interest in the project plus can bring all the Engineers necessary for the build (Civil, Structural, MEP, Sprinkler/Fire suppression, etc.)As far as the build itself, if it's in an established city or town on a tax lot, then you'll need to go through the design and permitting process, gain zoning approval if necessary, and then build up from there.

Turn the space into a leisure common area with bbq area and fire pit and you likely won’t see much loss in rent or turnover time.

PS if you're really fired up about starting your journey, take a look at our BPCON 2024, it's in Cancun October 6-8th and it may feel like diving into the deep end but making that investment in yourself and your REI education can make a monumental impact as you get started!