John Moon
Triplex with 1 tenant
I have a triplex that I am pursuing. One unit is occupied and the other 2 units need rehab (1 major, 1 minor). I'm trying to figure out what would be the best way to insure this.I've gotten a quote, but they're chargi...
Meera Lakhavani
Expected downpayment for multiunit investor mortgage?
Hi BP family!I am trying to buy a duplex in the southside of Chicago (Woodlawn). I always thought an investor mortgage was 20% down, but the lender from Perl mortgage said it is 25% down for a multiunit.Does anyone ha...
Marc Wong
Transient investor looking to get back into the game
As a long-time intermittent lurker and part-time real estate investor, I thought it was finally time to come out of hiding and reengage my focus toward building our real estate portfolio. So hello everyone, here's our...
Bob Anthes
Do I need different insurance for STR vs long term rentals
I’m in the process of converting my long term rentals into STR in FL and NC. Do I need additional or a different insurance policy being my homes are now STR?
Anthony Gallagher
Looking for Licensed Property Managers in Brooklyn
Hi we have a 2 unit building in Brooklyn (Bushwick/Bed Stuy 11207) and are now living out of state. It is fully rented until September 2022. We're considering using a property management company. Does anybody have a...
Maceo D.
Insurance Coverage
Hello, I am trying to get quotes for insurance on my first rental property and want to get opinions on what I should get. This information comes from USAA if that matters. I am doing mid-range deductibles (I see...
Andrew Syrios
Habitat for Humanity house quality
Anyone ever bought a home that was originally built by Habitat for Humanity? Looking at one from the mid 2000s and just wanted to see what your all experience is with them. I know they have professional architects and...
Account Closed
Doing Wrap Mortgage
If i do a subject 2 and seller financing, do i give the title to the buyer and lose my advantage in depreciation, tax advantages and appreciation/equity? Then does it go the same with lease option?
Richard Montoya
"Subject to" - Changing insurance policy to access loan records
Listened to BP episode 065 with Wendell De Guzman
In his strategy for "subject to", he mentions that in order to access loan information, without triggering the "loan due" clause, he has the current owner, ad...
Luis Delgado
Transferring Condo in WA to an LLC
In May of 2020 I bought a condo in Seattle as my primary residence. Then in August of 2022 I moved to Florida, and rented out my condo to tenants, but the condo remained under my name. As I've learned more about real ...