Shannon Smith
Quit claim deed to LLC
We are buying with a second home mortgage. We intend to use the home personally when we can but primarily for STR. Our plan was to quit claim deed the house from the bank to an LLC after closing but we know there’s a ...
Whitney Clay
House Hacking and Business Entities
Hi Everyone,I am a new investor and recently purchased a 3 family property using a FHA 203k loan. The house is currently in the rehab process, and I am looking to set up my real estate business. I will be owner occu...
Jason Malabute
ANALYZING PROPERTIES PART 2 QUESTIONS
Since my last post I have been taking action practicing with the rental property calculator to analyze properties. I have also watched both webinars on analyzing properties (they really helped). However, I am still h...
Derek Tellier
What to do with my 401K?
My situation is that I'm 45 years old and I have a 401K with my current employer. They match 100% up to 3% then 50% up to 5%. So I contribute 5% and get 4%, immediately vested. I've been contributing this for about 13...
Jacob Plocinski
Multi-use Property in Flood Zone
A property recently came to the market. It has a store front on the first floor and 2 apartments on the top 2 floors. The property is considered flood zone because of an under group creek that runs about a block away....
Lisa Foreman
Insurance For Three Owners
I just bought a SFR in Texas with two partners. We paid cash so we are working out the property insurance after the sale. Two of us are investing from trusts holding our SD-IRAs. One partner is investing in his own na...
Sunil Sharma
Purchasing property on auction.com - is title insurance necessary
Hello Forum,I recently purchased a property on auction.com that is classified as occupied. Since this is an auction property, seller is not paying for closing and hence I have to pay for the title insurance. Is it rea...
Wendy Thurst
How to insure 203k home purchase
Buying a SFH we will move into & Househack. First time using a 203k loan to finance rehab of property. House is habitable on day of close through contractors will be working there. How do we insure this - before a...
Brian Olson
Short Term Homeowner's/Liability Insurance in California
Hello Group I have a short term rental in the Santa Cruz area that I am looking to get homeowner's insurance on. It seems that most companies have left California. I am hoping someone on here has gone down this road...
Brandon Barnic
Insurance for storage? #askbp
Seariously thinking about buying my first duplex. It's two apartments upstairs and four separate garages on the first floor.If I rent out the garages for storage what type of insurance is available for me? Or is insur...