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18 August 2024 | 12 replies
Any company insuring your properties without an inspection most likely has a clause buried deep in their policy allowing them to deny claims for conditions found on the property that do not meet their UW standards and they will deny you claim based on "the house should have not been insured with them anyway".Although the inspections can be annoying look at it from the other side.You pay them 1000 to 3000 a year to insure a rental property where they agree to pay out possibly hundreds of thousands of dollars if it burns down or up to 1 million if a tenant slips on a bananna peel and falls down the steps or the tenants dog bites someone and since you didn't enforce the tenant having their own renters policy to cover the dog bite the landlord's policy is paying out.The insurance company is very much like your rich uncle backing your business venture - you run the business, he takes on the financial risk from disasters, and doesn't even get a say in who lives in the property.Your rich uncle asking you to fix the steps, put up a handrail, etc which is in your and his best interest long term.Do you really want to rent out a property with a busted front step and a bad roof that is going to leak sooner than later?
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14 August 2024 | 11 replies
I wouldn't be in a big rush as I have other income.
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10 August 2024 | 7 replies
Hey there,I'm almost ready to purchase a house hack and have found some good deals right off the MLS.
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17 August 2024 | 2 replies
My desire is to create profit by commercial units or owning multifamily units in order to provide housing as well as generational wealth.
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14 August 2024 | 84 replies
It has had its highs and lows in Western PA.
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14 August 2024 | 22 replies
Cleveland offers a mix of affordable housing options and a solid rental market.
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16 August 2024 | 3 replies
Being someone who is interested and house flipping/ home renovation BUT is not handy at all, what are the best resources to learn and get better at this sort of stuff.
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13 August 2024 | 3 replies
However, financial freedom isn't just about replacing your current income.