Joey Morea
Damage waiver vs security deposit
What do you guys like to do with your rentals? Damage waiver or security deposit or any other suggestions? I have never had an issue before but do like to make sure I am protected.
Arjun K.
Help me understand landlord insurance
I am bidding on a $230K market price property, where I will probably add $20K of equity thereafter in form of upgrades. the land is appraised at $100KI by tax man. This will be a rental property.
I solicited quot...
William Leahy
New Federal tax bill and the second home market
Greetings BPers, I'm curious to hear opinions from those of you in vacation markets on the effects of the new tax bill on the second home market for 2018. My gut tells me that retail buyers will hesitate and put down...
John Haveman
HELOC lender to LLC with foreign shareholder
Hi there!I'm looking for recommendations for a HELOC lender to an LLC with a foreign shareholder.Property - Atlanta, GAProperty valuation - $240,000 (Zillow $279,000 unlikely)Current mortgage loan - $120,000LTV requir...
Marty Happle
Is this legal and/or ethical?
A friend of mine is behind on his mortgage and facing foreclosure due to an injury that kept him out of work for over 18 months. Someone offered to purchase his house if a short sale can get approved and lease it ...
Account Closed
Have you had your Landlord insurance cancelled?
Have you had your Landlord insurance canceled?I just received a letter with a list of demands that may take some time to remedy. There's requesting roof repairs/replacement for two separate properties. What did you d...
Joseph F.
Hot Water?
One of my tenants in a fourplex I recently purchased, March 2014, has been giving me the run a round with respect to rent. The very first month, April, she was late and claimed the bank made a mistake. I gave her...
Andrew Pettit
Umbrella Insurance Coverage...is it worth it?
Afternoon BB, I am looking into getting umbrella coverage through USAA for all of my properties? I was wondering if you could give me some advice. Thanks.
Leah C.
Where to obtain insurance?
When buying an out of state rental property (our first one), would you recommend connecting with a local insurance agent or adding the rental property to your current insurance? We have State Farm covering our primary...
Marc S.
Umbrella Policy Issue
Afternoon BP, I fear that I know the answer to my issue but want to get the advice of someone who is an expert in the Insurance game. The exciting part is that I am a first-time investor and am in the process of clos...