When I mentioned that I would eventually move to rehabbing, he did go ahead and quote me for general liability based on rehabbing construction, as well as coverage for any possible accidents while showing a property.I am still in the process of creating an LLC through my attorney, and do plan to carry a decent policy once my agent figures out what to actually cover me for :D FWIW, I mentioned an umbrella policy to my agent since I have seen that tossed around here a bit, but he said umbrella policies are for individuals.

I see the reasoning on an individual basis, but how many flips does it take before you are considered a dealer?

I consider myself an intermediate individual real estate investor, and as such am interested in learning as much as possible about this area real estate, and leverage that education with my experience in commercial real estate.

Can I deal with just the owner or would I have to deal with the mortgage company?

I've found some instructions on how to go about finding properties from probate.The first step is to check the daily obituaries (for me, they're located on the right part of the screen on this page: http://www.detroitnews.com/section/obituaries) and gather names so I can check them against the county property ownership records to see if the deceased owned real estate.No problem there.The next step is where I'm coming across issues.Step two, is to check the county property ownership records to see if there's a probate property associated the name of the deceased.When I for some of the names I found in the obituaries (http://www.waynecountylandrecords.com/RealEstate/SearchEntry.aspx), I'll find other types of records for their names, but I've yet to find any records for these individuals that are of the types "Probate Court Order" or "Probate File."

Ideally we would already have another house in the works at the same time of sale.I am trying to avoid renting an apt until another house is finalized.

Ideally I would like to either get insurance or a letter from the authorized neighborhood representative so that it can be recorded.Any advice or words of wisdom?

Hi all, RE newbie here...There was a property I would like to check out - a 4 unit property in westchester - and rather than picking a broker out of a hat, was wondering if BP had any recommendations for an agent that has experience with multifamily apartments and can provide general guidance through the process (ideally they would own one as well!)

Prashant P.I was thinking about going this route however it would not be ideal for me at this time for me right now.Phillip Dwyer I seriously would do the same if anyone owned rental property around me thanks for your insight.David Beard Your idea is for someone that has a year to learn an invest in another firm.

Where on a 10-cap basis values the property at $128,000 and/or $12,800/$20,000 is a 64% return on cash invested or about 1.5 years till it returns all cash invested and playing with the "house's money".My goal is to buy and "never" sell so I am okay with buying at market value on this property given it's cashflow, although it certainly won't be a home-run by appreciation standards, by the time I'd sell (ideally) a modest 2-3% over 30+ years it should hold it's value ;).