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I'm a new real estate investor currently in the process of closing on my first property. It is a duplex in Philadelphia, PA that is currently fully rented. As I am not intending to live in the property I was looking a...
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We have a 41 unit apartment complex, and our insurance was about 12k per year for an ACV policy, but last year we were hit by a bad wind and hail storm which caused us to have to file a claim for the roofs and some AC...
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Hi All,I’ve found a great looking foreclosure property that could go at a steal. After taking a look through the windows (haven’t gotten inside yet), I’m convinced it has flooded. All flooring has been removed, leavin...
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Hi!I turned a blighted property into my first rental property. I formed a LLC. What type of insurance coverage do I need for the new LLC and for the property ?Right now I have a cheap vacant dwelling policy but wil...
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After closing on a deal, how long is it advisable to wait before transferring property to an LLC? Especially when its likely the loan will be sold to a third party?
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Hi all - First time post, thanks in advance for your time. Briefly, my partners and I recently purchased a short term rental, and will be opening up next month. Our current policy is through Lloyds and has a number of...
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Greetings, I have a few rental properties in Baton Rouge, LA. Due to the location (southern LA) the only property insurance I could obtain is through the state's FAIR plan, which does not include liability. I need to ...
Hello,My wife and I own a gymnastics studio currently. In the last year I've been able to hire employees that free up a lot of my time. We currently have one property that is doing well and we're looking to spend some...
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Hello fellow investors, I have 4 rental properties in my own name for a while. I still have mortgages on them. And I would like to move them into an LLC through an attorney. I have LegalZoom and LegalSheild membership...
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Hi-I have an existing traditional LLC (me & wife members) with couple of Farm land properties that are leased out. I am planning to buy and hold cash flow rental properties now. I am trying to figure what's the be...