Chris Scales
Interior Demo in Chicago - Insurance/Permit?
Hi all! I hope I'm posting to the correct forum... I recently purchased a 2 flat in Chicago that is in need of a full gut rehab. Between the basement, first floor, and second floor, there is about 2,500 sq ft of finis...
Harrison Silverstein
Recording Assignments? Vendors for more complex processes
Hi all! In some states such as OH, the local gov'ts only accept original copies for recording. What companies have you used to accomplish this? Some smaller companies struggle with trying to record for the more comple...
Devon Shaw
The Type of Insurance You Need as a Landlord
Insurance.I get it.Real estate is filled with lots of exciting stuff, but insurance generally isn’t considered one of them. Insurance ranks right up there with property taxes... just another expense to throw on the pi...
Grand Wally
Insurance in addition to LLC?
I've been advised that in addition to the liability protection an LLC provides, and in addition to the homeowner's insurance I cover on my rental property, I ALSO need insurance for the LLC that protects me from gener...
Leen Sha
Auto insurance policy might not be enough
A friend of mine had a car accident almost 3 of years ago...she was found at fault....(state of limitation is not passed yet) there is no lawsuit filed against her until this time... she only had WA state min. liabili...
Account Closed
Liability Coverage for a Flip
Curious to get opinions on insurance coverage for a flip I am working on. It's a single-family house. Total gut to studs and subfloors. When I closed, I bought a Builder's Risk policy for the maximum amount I could lo...
Chris Frydenlund
Characteristics of seller of foreclosure
Do people, who are going through foreclosure, have similar financial behavior?
To be more specific is it VERY common that they open multiple accounts with lines of credit?
Do any go through this because they lost th...
Bill Briscoe
Tax deduction for injury treatment of employee?
I am a partner in an LLC, one of our employee/owners was injured on the job. If the LLC pays for the medical treatment, or if a lawsuit is filed and settled, can the payment be deductible since it came out of an L...
Dezra Guthrie
Deciphering Owner and Getting Owner Insurance Company Info
I was injured on an REO property in California and I'm trying to find out who the owner is, their contact information and their insurance company contact information. I am running into a brick wall as this is what the...
Kyle Conrad
Liability Insurance on Seller Financed Land?
I financed a piece of vacant property on a 2-year note a few weeks ago. My understanding is that the buyers hold the responsibility of ownership, thus, if they were to injure themselves on the property, I would not be...