Jonathan Leake
Should I Require Renter's Insurance?
Hello,
I was thinking about requiring renter's insurance as part of my lease. But now that I am looking over the lease documents and there is this section already in there: "All personal property placed in the leased...
Srini K.
Buying a car
Can I buy a new or old car that i would be using significantly for driving for dollars, or tenant related issues and claim depreciation.Is it required that the car needs to be on your LLC or can it be on your personal...
Justin F.
Finally about to close... but am I getting shafted on insurance?
Whoop! Hi Biggerpockets,
So I'm finally 2 days away from closing on my first rental. :cool: Very cool.
Anyways, am I being shafted on insurance? I feel that this premium might be expensive for what it's offering. T...
Jeffrey Lacombe
Need a "Lender Policy" to protect my interest in a house I sold with owner Financing.
I sold my home with owner Financing and the buyers have let their policy lapse. I cannot find a company to write a lenders policy. The buyers were deeded the property and I have a security deed. Does this allow me ...
Connor Corkrin
Transferring primary residence (funded by VA Loan) to an LLC
Hey BP people! I've recently closed on a property in Baltimore that will be my primary residence when I get back from a deployment in the next few weeks, and have 2 questions that I'd love some help on:1. I am house-h...
Paul S.
When to start an LLC?
At what point is an LLC necessary? I read that the LLC requires a lot more attention to detail in order for it to protect any property. If I own two properties, would it be helpful to have an LLC or is it better to ...
Grant R.
Life Insurance for Partners
When protecting yourself and your investing partner in a two-member JV (LLC), it's advisable to get life insurance for each partner. Which is the simplest/best solution to implement this?A) the life insurance is purc...
Jim Goebel
House Burned right before Insurance Policy was taken Out :(
Hi everyone. It's been awhile since I was on here. I'd value any input.
We had a house where we were ALMOST ready to start painting, and I hadn't quite made the call to get an insurance policy going yet, and it had...
Rob Bianco
Question about Homeowner's Insurance
Quick background: I own all my units in cash and plan to refinance once COVID-19 blows over
I
currently have a policy on each property the pays out on an Actual Cash
Value basis. Coverage limit is based off of th...
Christopher Russell
Can landlords deduct for their personal time or repairs?
I have read through many threads and get the idea that many people are under the impression that they can deduct their own time on federal taxes. By own time I am referring to completing required repairs, managing ren...