Brandon Sturgill
Do You Consider a Builder's Risk Policy Entrance or Holding Cost?
Seems it has to be in place prior to closing, so I considered it an entrance cost...any opinions?
Thai Chau
When would you want/need as-built surveys done during the investment process?
Admittedly, this is a self-serving question, as my “9-5” is operating a nationwide architectural as-built company. But I’m genuinely curious and wanting to prepare for when it comes time for my own CRE investments. Th...
Tyler D.
How do RCV and ACV insurance policies work in this situation?
I'm In the process of insuring my first property. I found a company that is willing to do ACV (Actual Cash Value) or RCV (Replacement Cost Value) insurance and will give me quotes based on a calculator where I can inp...
Carlos Flores
Vacation Rentals - How do you handle reservations, deposits?
My daughter wants to rent a condo that's available for daily rentals, like a vacation rental or hotel. It's listed on Trip Advisor. The owner asked the deposit (50%) be mailed to reserve the unit, but had no paperwo...
Nayeem Khan
Property Insurance During Renovation & After
Hello BP,I’m a new investor who purchased a SFR in Illinois. I’d like to get the property insured. I’m a bit confused and quite frankly frustrated, as to what policy will best fit this situation. Since the property is...
Blake Burnett
Newbie question... Insurance on owner occupied multifamily
What type of insurance is required on a multifamily property? (2-4 units) is it any different if you occupy one of the units? Also, what do insurance companies look at to determine your rate? Are there any factors in...
Amir Kiani
Title Company refuses to close, asking seller for more documents
The title company (underwriter) refuses to close on the closing date (which has already passed), asking the seller to provide more legal documents of the property and the trust in which the property exists. (Apparentl...
Lyn Green
Does my Rider delete my "due on sale" clause"?
In reading my 1993 fixed/adjustable mortgage note (5/1) I have the standard paragraph 11 "Uniform Secured Note" statement that can trigger a "due on sale" clause. It reads "If all or any part of the property or any in...
Debbie Sciarrino
Courthouse step purchase but 2nd lien on title
Purchased a house on courthouse steps, I knew it was the senior lien, and had a jr. against it. Junior LOC should have been wiped with foreclosure of senior lien, right? But title company is saying the JR lien throu...
Sean Tift
Rental Property Insurance
We purchased our first rental property in September 2019 in Indianapolis. It took about a month to get the property "rent ready". Once the home went officially on the rental market, we had a slow start and did not ge...