Alex Mason
Investing in the Albany & Troy New York Markets
Hello Bigger Pockets Community, I am interested in investing in the Albany New York or Troy New York markets. I have been targeting 4-10 unit properties in the area as a cashflow play. However, I am a bit concerned a...
Scott Lewis
Proposed Housing Code Changes in Wilmington, DE
Fellow BP Members,Recently, there were four community meetings to discuss proposed housing code legislation in WIlmington, DE. Unfortunately, I was not able to attend, but am wondering if any of you were and what sort...
Ellen Mitchell
Pocketbook Protection from tenant damage property
Is there any type of insurance available that covers tenant damage to a property?
I recently had a tenant move, she created extensive damage to the property (about $40k in repairs so far). I know I can sue her for $...
Rogelio M.
Lender "Mortgagee Clause" vs. "Additional Insured" on Insurance Policy to Property a
Ref: Lender "Mortgagee Clause" vs. "Additional Insured" on Insurance Policy to Property as CollateralHow specifically should a private lender be mentioned on the owner's insurance policy to a property used as collate...
Kayla C.
Pre-Qualifying for a FHA Loan
Hi all! I am looking for connections to a lender that will use projected rental income as a portion to qualify me for a FHA mortgage. This is allowed under Fannie Mae guidelines but I am having a hard time finding som...
Lenna Groudan
How to deal with loan modification liens on a subject-to deal
We’ve got a subject to deal under contract with a $160K loan, $215K ARV. During the title search we discovered 2 additional liens for roughly $11K each. We have the documents - they are both loan modifications that ...
Courtney Nguyen
how to read COI from a contractor
Hi all,I have 4 rentals that need tree trimmings. I have reached out to 2-3 contractors for estimates and also asked them to provide COI. One of them sent theirs with the following info:Under Description of Operatio...
Ed Forrester
New BofA Short Sale Amendment
I just got one today. A 2 page addendum required during Equator process before approval. In addition, to the 30 day language, has language that buyer and seller agree that transaction will not involve flipping....an...
Joe S.
How do you handle a NON agreed upon price bump?
How do you handle price increase by your contractor that was not agreed to by both parties? If you have been rehabbing Houses then you realize that it is common practice for the contractor to try to do an add-on price...
Nerissa Marbury
Rental Insurance Question: SFH Multi-non-family tenants
I have a SFH with three non-family tenants. I am requiring rental insurance for the first time this year - $1MM liability and me listed as an additional insured.Question: If two tenants got rental insurance for $1MM e...