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What to do with land in a flood zone?
I have a piece of land near San Antonio in a very desirable Area. The property is approximately 1.27 acres.It is cleared ect. I took the land as a down payment on a house that we owner financed. The previous owner/ se...
Patrick Farley
Quitclaim to Business Entity
BP -We are converting our homestead to a rental for the foreseeable future while we relocate out of state. I'm planning to Quitclaim the deed out my wife's name into LLC then create new insurance policy to cover the ...
Marium Mujahid
Renting an apartment at an LLC I own-Insurance question
Hi
I am currently renting an apartment that I plan to purchase under an LLC. I would like to continue renting and my main question is about insuring the property. Should I treat them as separate entities where I cont...
Veronica Giggers
Hard Money lender requiring builders/construction insurance coverage.
Hello all, I hope everyone is realizing their investment goals. We have reached out to a Hard Money Lender for financing a duplex we plan to BRRRR and hold. Repairs are estimated to be $62K. The HML is requiring a "bu...
Sammie Xiao
Home owner insurance referral in California
I am going to close a single family house in a week. Home owner insurance got so expensive due to the fire. Many insurance company don’t want to insure in CA. The cheapest quote I got is from travelers at 2500.I was...
David Brian Medina
Forming an LLC before purchasing Rental properties
Good Afternoon BP,
I was wondering if anyone here has formed an LLC before buying property? I’ve met a few individuals in my city that chose to form an LLC because they planned on purchasing a lot of properties. Plea...
Jake S.
Private Lending Questions
I have a potential deal in the making, and have a private lender lined up.I, and the lender, are new to the private lending game, so what sort of paperwork/contracts need to be in place before the deal happens?Really ...
Scott Kays
LLC/Personal Name Deed
Hello, Bigger Pockets community! I opened an account a few months back and have learned a lot from reading different posts and conversations, but this is the first time I've posted anything.Anyway, here's my question....
Bryan Hancock
Designing Around Restrictive Covenant Risk When Purchasing Land
We have a purchase contract for a lot in Austin that we're planning to build a duplex on. We recently received a title commitment and Schedule B shows an exception for some restrictive covenants from 1948. These wer...
Rich Riesmeyer
How necessary is title ins.??
Hi folks. I finally found my first rental property. It is a single family home in a subdivision, about 35 years old. It is a HUD property. All cash deal, $52000. This being a HUD home, in a subdivision,...