Brian Albelli
Flips: Buy each house in a new LLC? Use cash or HML'S?
10 January 2015 | 5 replies
If it's a guy who falls off the roof, your insurance should protect you if you have the proper coverage and liability limits.Besides, if you are flipping a house or two at a time it's very likely you could sell your inventory by the time a suit could move from complaint to judgment.
Maryann Lacey
quit claim deeding from my name to my LLC
9 January 2015 | 4 replies
If you are forming an LLC for liability issues, insurance and management are more than enough, this has been kicked around a lot on BP.Another note, RE issues and title issues change, in recent years and even months, title concerns with quit claims are arising as to quit claims breaking or hinder title searches and coverage.
Carrie Cathey
Where can I find Land Contracts (contract for deed)?
18 January 2015 | 13 replies
These were popular for decades, no more, there are no advantages and still more disadvantages, like insurance coverage, loss payee collections, authority of a buyer to conduct official business, like building permits.
Brandon Sturgill
What Are the ACTUAL Steps in Structuring a Seller Financed Deal?
13 January 2015 | 10 replies
Your insurance agent can arrange that and you'll need to take that binder and paid receipt for coverage to settlement, unless other insurance provisions have been agreed to.
Sarah Rune
Hello from Ventura, California
22 June 2018 | 18 replies
Perhaps because you come with experience, but I would highly recommend you read it as it is so comprehensive that it may introduce concepts of strategies you don't know and then you can dig deeper in the forums, blogs, etc.Best wishes in your endeavors.
Kenneth Lawrence
Finding Buyers in Jacksonville Florida
12 January 2015 | 2 replies
Hey BP world, I am looking to do wholesaling in Jacksonville Fl, and I want to have a comprehensive buyers list.
Chris Elliott
Online/Local Construction or Building Classes
13 January 2015 | 2 replies
option=com_eventlist&vie...The online courses are not as comprehensive http://www.nyc.gov/html/hpd/html/buyers/online-dig...Lastly there is youtube.
Yuriy B.
First investment rental property
17 January 2015 | 2 replies
.)$0Gross Operating Income (GOI)$16,740Annual Opertating ExpensesAccounting$300Admin/Bank Charges$0Advertising$0Electricity$0Elevator$0Gas$0Landscaping$0Legal$200Maintenance & Repair$2,000Payroll taxes$0Permits and licenses$0Pest control$0Pool$0Property Insurance$440Property Management$0Real Estate Taxes$3,850Security$0Telephone$0undefined$0Tenant buyout$0Trash$0Water$0Other$0Other$0Total Operating Expenses$6,790Net Operating Income (NOI)$9,950Annual Debt Service (mortgage payments)$7,811Before Tax Cash Flows (BTCF)$2,139Key Operating RatiosCapitalization Rate9.05%Cash on Cash (COC)9.72%Gross Rent Mulitplier (GRM)6.11Net Income Mulitplier (NIM)11.06Debt Coverage Ratio (DCR)1.27Expense Ratio (ER) Per Unit40.56%Price Per Unit$110,000Here is a link to the property:https://ithaca.craigslist.org/reo/4827978957.html
Michael King
Owner Finance Deal
19 January 2015 | 10 replies
Seller financing is an installment purchase transaction even though you may have taken title, title has not been paid for.If I were to fluff the benefits of a life insurance policy, the insured can switch coverage or drop coverage, if they are to collect, they'll be dead!
Will Johnston
Water damage to a Verizon box, who is responsible?
14 January 2015 | 6 replies
Even if the box was installed without your permission if the leak was your responsibility you may want to coverage the damages if you value this tenant.