Hello BP members,I am brand new to REI and after many months of lurking on the forums, reading books, listening to podcasts, analyzing, deal searching and failed offers, feel that I am close to landing my first deal w...
I am using the Rental Calculator for analyzing a vacation rental. I'm looking at a 2/2 for sale for $375k. Using 20% at list price and 4.5% IR and using actual income and expense numbers provided by the seller for 2...
Having bought 20 properties without title insurance, I'm trying to understand the value of title insurance to a cash buyer. I have made an offer on a property in Florida. The owner wont sell without title insurance,...
Have you ever been truly educated on the claim process by your insurance agent??? If you answered yes, that is wonderful. However, if your answer is NO, that is where I can help. In my 7 years in the insurance/financi...
Hi all!!I'm in need of some advice. I'm looking to purchase my first property as a live-in flip/upgrade. I found a property that is a 4 bed 2 bath, an addition was made without permits to make a 2 separate 2 bed 1 bat...
What are some usual payment terms for self storage rentals? I'm revamping a family owned self storage facility that's been operating straight out of 1984...My current thinking on terms:You're in default after day 1.L...
Hello,I am looking to switch my insurance company to save on insurance premium ,unfortunately the lender already paid in full for the entire year already. Can I still make the switch with a full refund from the previo...
I wasn't sure where to post this question so I hope I'm in the right forum.I live in CA and have 2 rental homes in Ohio that I purchased while married to my ex husband. Both our names are on the deeds. In our martial...
I’m interested in a property on auction.com. The seller(bank) is offering special warranty deed. Does anyone have experience buying from auction.com with this kind of deed? I want to make sure that I’m not buying anyt...
I am thinking about using a HELOC for down payments/holding money on hard money or private money loans to fund flips? Please poke holes in my thought process! Thanks!