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I have a few personal conventional loans on some rental properties under my own name. I would like to put them in an LLC but I believe there is a “due on sale clause” or even transfer which I’m afraid of losing my 4%...
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All - there is some great information on here regarding utilizing a maximum overfunded whole life insurance policy to then take a loan out and invest in rental properties. One question I can't seem to answer or grasp ...
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I am a newbie and just made my first purchase of a triplex two months ago. I was surprised to receive a cancellation notice of my insurance policy after they inspected the exterior of the property. They said that 15% ...
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For investors who own or looking to purchase properties in a Flood plane, make sure to factor in these future premium increases FEMA will implement April 2015. These costs are in addition to the rates currently being...
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Hey everybody,
After roaming the BP Forums and blogs for the past few years, my wife and I are finally under contract for our first rental property. So fingers crossed that this one turns out to be worth our while.I...
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Just looking for creative input....our guests that were supposed to arrive on Friday sent a literally last-minute message saying that she had gotten sick and couldn't make it. She said she noticed our cancellation pol...
Hello, I’m an investor from Wisconsin. I purchased a home via “Subject to”, I’m listed as additionally loss payee insured on sellers policy & of coarse I own the Deed. The mortgage is still in sellers name until s...
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Hi there, My name is Chris and about five years ago my best friend and future business partner moved to Albuquerque. We had lived in California for a long time and with the sky high property prices had never thought ...
Hello all,I've gone to a few banks in Indianapolis to try and qualify for a conventional loan, and have been repeatedly shot down. The real sticking point is that I have a lot of student loans, however they are on IB...
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A week out from closing on our 2nd STR I discover that our cheapest insurance option is going to run about $7600/yr. The second highest came in around $14k. This killed the deal so we backed out. Multiple companies ca...