If the answer is negative, you are technically bankrupt.If your net worth is less that the policy limit on your property plus your umbrella policy coverage, you have plenty of protection.

I do not know if it applies to a non-primary residence property or the organization policies of the institution that will approve the equity line of credit, but I was specifically told by Wells Fargo that I could get a line of credit loan after one-year of living in the residence.

So, I don't know if they have odd policies or what the deal could be?

For this reason I had made a policy not to make ones larger than 18"x24". 

Hi all,I am in the process of buying my second 4plex, this property is a little more run down than my first property. I am having a hard time finding an insurance company that will insure this property.  My insurance ...

In Panama, it is common that the banks require a life insurance policy naming them as beneficiary if you get a mortgage.I have not heard of that in the US before. 

It is also arguably good public policy to require that parties to certain significant transactions, such as those of long duration or which involve real estate, reduce their agreements to writing.

They will only do 80% LTV of contract price or appraisal (whichever is less) by the letter of their policies, but on our last deal (4 months ago) the one did 80% LTV of appraised value, which came in significantly higher than contract price, giving us about $20k cash out for remodeling expenses.It is certainly a touch-and-go market with the well-established players who have good credit and a clean history still able to do deals.

Having a great insurance policy is also another layer of protection.As far as husband and wife, 50% each is fine.

Do the utilities have a transfer policy, rather than just a stop then start policy?