Christopher Morin
Builder's risk insurance and Sub2
Hey everyone,So I'm only a week out from closing on my first Subject to: deal, and while I think I have my ducks in a row, I have some questions when it comes to insurance.I'm "taking over" 89,000 worth of loan from t...
Burt L.
Simultaneous Closing- How to Handle Buyers Title Policy Request When Policy Shows Purchase Amount?
I have a buyer on a strong deal, who understandably wants to examine the title policy before giving a deposit. Of course, they would be aware that the title policy is in the amount of the buy-side figure and I thought...
Eric E.
Best practices when using other people's IRAs.
This question is only for advanced investors who have financed deals with other peoples's SD IRAs. I have my first "private" investor willing to devote her IRA to my deals. I would put some "skin in the game", she ...
Anthony Tse
Condo Offer Accepted but No financials to provide
Hi All,First time posting in BP, long time reader/listener. I found a reasonably priced studio condo in a great area in NYC. It is a small 3-story elevator building- 14 units in total. My offer was accepted but the s...
Ikenna Okafor
To pursue or not to pursue a Quit Claim Deed
Hello guys, this has been a very informative forum for me. I need insights and advice on an issue. My spouse and I own 6 properties all in our personal names. We are thinking of transferring the properties into an LLC...
Matt Liu
Forgot to Buy Insurance!!!
I can't believe this - I just realized that the house I bought on Friday still has no insurance!!! Fortunately there isn't much there since it's a shell to be rehabbed. But no!!!!
Is there any way I can order...
Account Closed
Manayunk Electricians - Philly Area
Hi BP Community,I got my inspection report back for a duplex in Manayunk. Both sides have knob and tube electricals. Can anyone refer a good electrician that has experience with knob and tube, and would be able to pro...
Hen Ley
Title insurance for private lending?
I'm looking at becoming involved with private lending. I know when someone receives a traditional loan from a financial institution they typically are required to purchase title insurance to protect the lender. Do p...
Mychal Raynes
Tenant got a pit bull
Can I be held liable if a tenant of mine has a pit bull that bites? What actions would you take if one of your tenants brought a dangerous dog breed home.
Brandon Weis
How to Ensure Tenants Get Renter's Insurance
We have historically had in our leases that renter's insurance is required, but we had been lax on enforcing it because owners didn't really care and not all tenants had it. We are now beginning to crack down more as ...