Kat Rathell
Condo insurance policy
We are in the process of buying a condo to rent it out. I contacted our insurance agent for a landlord policy on the condo. They said no problem. But the policy documents list us, the owners, as occupants and instead ...
Anders Nordberg
Renters insurance for family
So I have a tenants that are moving in that are related. Specifically it’s a daughter and a mother. The daughter and mother are both on the lease but the daughter meets the income requirements alone so effectively pay...
Craig Lessler
Do over funded IUL premiums count as debt for mortgage applicatio
For purposes of calculating a Debt to Income ratio for a Fannie or Freddie loan, does the premium paid each month on an over funded Life Insurance policy (IUL) count as debt? Or do you only count the portion paid for...
Darsh Makim
Multi-State Blanket Hazard and Umbrella Insurance
Hey BP! I was curious if anyone had a good contact for Insurance. I have properties in multiple states (VA, PA, MA, etc) and was looking for a blanket policy for homeowners insurance that would allow me to leverage ...
Andrew Yu
Seller Open to Sub2 But Wants to Buy 2nd Home
Seller is open to sub2, but wants to buy 2nd house. Does their 1st house's debt count against debt-to-income ratio when they apply for loan on 2nd house?
Christina B.
STR Insurance Medical Liability Coverage plus Underwriting request for Gross Income
Currently, we have a commercial policy with State Farm but when our lawyer reviewed it, she recommended we increase our medical liability coverage. Both Air Cover & VRBO provide medical liability up to $1M (and we...
Paul Beets
Tax implications of using Infinite Banking to fund real estate
Greetings BP:I'm looking for a tax expert that is extremely familiar with the tax implications of using the infinite banking concept (Nelson Nash). Specifically how to take a loan from a policy to loan to my LLC and...
Travis Silva
LLC vs. Liability Insurance for a rental + managing investment
Hey All - I am officially brand new to being a landlord. As of this past weekend, I had my first tenant move in. Being my first rental, I've utilized a local PM company that has pretty reasonable rates, and they got m...
Jack B.
Which High Yield Savings account for cash?
The cash pile (well digital that is) is adding up. Who here knows whether Barclays or Ally bank are a better way to go for high yield online savings account?Barclays is 1.85% per year and Ally is 1.8% for Ally bank. T...
Keith Myers
Is my insurance sufficient?
I am purchasing a 12 unit building in about a week and wanted to make sure I am making a good choice with my insurance policy. Coverage seems adequate with this policy but I am struggling to fully understand all the ...