William Joseph
Insurance and flipping
Here is the background:I have a separate entity for my flips. It is a domestic Connecticut LLC and does nothing but hold the flip properties. There is an operating account to pay contractors and purchase materials and...
Jessica H.
Liability Insurance for Property Manager
Hi all,I'm reviewing property manager bids, and in a couple of contracts, I've found the following clause:Carry and pay for: (i) public and premises liability insurance in an amount of no less than $1,000,000; and (ii...
Jeremy Hebert
Rental Property Insurance
Does anyone know of reasonable rental property insurance companies for south Louisiana? Since the last hurricanes, the insurance on my rentals has almost tripled which basically eliminated any cash flow on my propert...
Austin Ralls
Quit Claim & Warranty Deeds
I've come across a couple of banks selling foreclosed properties through quitclaim deeds and am looking for advice on how I should proceed as this would be my first time dealing with this kind of purchase arrangement....
Benjamin Misner
SUBJECT TO-Home Owner Insurance
On a SUBJECT TO, since the deed has been transferred over you, do you need to get home owners insurance? Or should you be added as "additional insured" on the property with the person who keeps mortgage in their name?...
Yolanda Moran
Help with a commercial building I own
Hello BP's my name is Yolanda I am a newbie. I just discovered BP and felt this was a great place to get help. Okay so we own a commercial building and have had some inquiries to buy it. We don't even know where ...
Lola Brin
LLC use of EIN vs SSn
'We are transfering property that is under our name to an LLC. We are planning to use a Special Warranty Deed. We want to continue to use our SSN rather than to get and start filing using a EIN, has anyone had experie...
Ronald G.
Subject to - insurance, taxes included in mortgage
If I do a subject-to for deed at closing, and insurance and taxes are included in the mortgage payment, does the owner cancel the insurance policy? And would this not affect the monthly payment?
I doubt the bank will...
Account Closed
Good property management firm in York, PA
I bought a single family rental property in York PA last year. In October the original property management company "changed their business focus" and switched me over to another company. The new company has been lacka...
Andy M.
Subject to insurance question
I've been doing sub to deals for a while but I have never run into this problem quite like this before. The first mortgage lender (Ocwen) is asking for evidence of insurance and my agent supplied it but the borrowers ...