Good morning everyone, I recently acquired a property that has a single family home and a mother-in law apartment in the back. I am having a lot of trouble finding the right insurance for this combo because my insuran...
Hi BP pros!I am under contract to purchase a 4-plex that my family will be moving into and house-hacking. So far it's been decently smooth, but then we hit a major insurance snafu. The seller's insurance on the 4-pl...
After just going through my 2013 taxes and now looking ahead to 2014 I have a question about repair vs improvement in the eyes of the IRS. At what point does a repair become an improvement?
I know that if yo...
Hello BP friends, I wanted to get some opinions on the coverage I think is the best for me, but is the most expensive..
This quote for $1377 annually covers the following
Building/Earthquake - $130,000
Personal Prop...
What kind of insurance do you have on your rental property? (Multiplex) What does your insurance cover? How much are you paying?
Hi BP community - I'm looking to purchase a triplex or fourplex in the Houston area and would love to get feedback on the expenses that I'm estimating (too high, too low, any that I'm missing, etc.). Thank you in adva...
The only (2) units I've owned thus far have mortgages on them, and therefore homeowner's insurance.My next few purchases will be cash - - but I can't imagine not placing homeowner's insurance on that - am I right?Is t...
So I currently own a home outright, No mortgage or anything. I live in one room and rent to two buddies who just pay me rent. Would there be any benefit of putting it into an LLC, and all three of us paying rent into ...
Hey everyone here at BP,
Was hoping some one could shed some light on this. I recently decided to go with travelers insurance for my homeowners policy on a live in rental. Switching over from Allstate.
Allstate I’m...
Good morning,I am a new investor and I just recently had an offer accepted on my first two homes. One in NC and the other in IN (I live in CA). I have had all the inspections done and I am now in the process of sortin...