Hello there Bigger Pockets Community,Kasey Ryan here, new investor, new to real estate, new to BP.I have been doing quite a bit or research and have stumbled across one particular question that I cannot seem to find a...
Hey, we own/manage a handful of rental properties. We have a very low deductible ($1k) and I'm wondering what the norm is/should be for a rental? We could likely get by with something far higher ($5-10k) and I imagine...
I have a decent deal under contract that doesn't meet my criteria for a landlord hold. However, it is an excellent deal for a flip. My concern is the insurance premium that would prevent a retail buyer from purchasing...
I have had landlord insurance for all my properties whose insured values are what I paid for to purchase them for years. However, those properties have their value gone up over the years and the insured value does no...
Hello,I purchased my first property recently. In the closing costs, I prepaid for 1 year of property insurance. In this case, I would assume I would not be paying monthly insurance premium for the first year, because,...
Is it typical to have to pre-paid a full year of insurance on a portfolio loan? I was told my closing cost would be 5% but after receiving the itemized list of everything included it’s more like 15%.
I've been reading IRS Publication 527 to better understand the tax accounting for rental properties. I'm not sure how to interpret this statement about insurance:
"Insurance premiums paid in advance. ...