Greg Todrank
Property Insurance for flip
I’m having a hard time getting a simple policy for a property I close on next week. The current plan is to fix & flip.I’m looking for an inexpensive policy for an uninhabited property while I’m doing rehab.Anyone...
Christina B.
STR Insurance Medical Liability Coverage plus Underwriting request for Gross Income
Currently, we have a commercial policy with State Farm but when our lawyer reviewed it, she recommended we increase our medical liability coverage. Both Air Cover & VRBO provide medical liability up to $1M (and we...
Bienes Raices
Mistake on description of roof
When I bought my house (personal, not a rental), I told the agent who arranged the insurance policy that it had a hipped roof. Unfortunately, I realized later that it technically it is not hipped--it is hipped on thr...
Nicholas Newbould
Using Conventional Loans While Still Protecting Yourself
Good afternoon BP Family. Huge question for your all. My wife and I are looking at buying our first property this year. I have a question about using conventional loans. My wife and I both hold full time jobs and have...
Jason Merchey
Who Gets Successfully Sued?
In a case where you hire a GC to do a fairly good sized rehab on a house, and something is purported to be wrong according to the end buyer (a construction defect lawsuit), do we as investors have any liability if ...
Fernando Domingo
Insurance for California
Does anyone have a recommendation for an insurance company that will write a policy for a CA property?I'm buying a duplex to house hack, but I've contacted a few companies and all of them said that they are not writin...
Ryan Moore
Making sure I understand the misinformation from this listing
I’ve own a MF property for just over 2 years now and I’m getting ready to start searching for another one. Having the experience that I’ve gained and spending time learning about the financials of owning a rental, I f...
Mark Beekman
About to make an offer -- How to add title contingency?
I'm about to put in an offer on an REO property tomorrow morning (my first attempt at buying property other than at auction). I'm supposed to informally email my offer, along with proof of funds, to the listing agent ...
Hugh Jameson
Offering a bank foreclosure closing costs?
What would look most attractive to a bank when making an offer on a foreclosure property Example 150k with closing costs paid by buyer 155k with a 3% contribution 160k seller paying all closing costs Round figures etc...
Bernard Evans Jr.
Pre-Qualifications
Hello,
I've been researching this in depth and I've come across many different banks and credit unions who want the person needing the loan to provide the following :
20% down payment (which is understood due to m...