Brian Guilmette
HUD second lien letter after cash purchase with title insurance
I purchased a property in 2015 and recently got a letter from HUD stating a secondary lien was not paid off at the closing. I contacted my title insurance company and they say they will not pay because i haven't susta...
Elmer Javier
BRRRR Lenders and Homeowners Insurance
Hello All! I've been reading up on the BRRRR method and was curious how one goes about the process. I understand the acronym but how would someone get the funding to buy? Would you apply for a conv 30yr loan? What abo...
Stephen Gailey
Insurance escrow
On a property im taking sub2 there is PITI, my question is once I get insurance does it also need to be escrowed? Id rather pay it direct to my agent where I can make payments instead of sending the whole years premiu...
Julian Dragos
Rental Property in an LLC and Insurance Requirements
I have just purchased a property at the Jersey Shore that will be used exclusively for short-term rentals through the summer season. I have a mortgage in my personal name, but setup an LLC that I plan to deed the pro...
Timothy Busse
Zombie-slow-flip-duplex under contract . . . now what?
Due diligence during inspection period--what are we missing?We are under contract with our first duplex, that is currently tenant occupied but rotting away, which we intend to slow flip. https://www.realtor.com/reales...
NaTarrio Jones
Umbrella Policy vs LLC
Hello BP. I have 3 units (Texas) in my personal name and I have a four unit (Louisiana) under contract also in my personal name. I do have an LLC but my intent is to max out my conventional loans before I begin to p...
Calvin Pringles
Why Lower Cash Flow Could Be Worth It in the High-Appreciating Tampa/St. Pete Market
Hey BiggerPockets community!
I wanted to discuss a topic that's been on my mind lately – the idea of accepting lower cash flow to capitalize on the high appreciation potential in the Tampa and St. Petersburg, FL mark...
Elena S.
Buying a Rental with 24 Liens on Title
Hello, I am under contract to purchase a triplex in Kentucky. The Seller has declared Chapter 13 bankruptcy and the property has 24 liens on the title. Most of the liens were addressed in the bankruptcy filing and the...
Christine Schromm
Issues with Triple Net Leases
Hello I am a potential investors in commercial real estate (for the reasons
I will be opening a business with a physical location (plans have been delayed because of COVID). We've been looking for commercial real est...
Itia Dow
How early is too early?
I am currently paying off debt and plan to be done with $111k by Sep 2021 at the latest (plan to get some side hustles to speed that up). I want to purchase a property within 6-8 months of finishing my loan payments a...