what tax benefits do I now get by switching a single family home over to a rental after buying the home roughly 2 years ago? We put a new roof on the home right when we bought the home and also are pondering a deck r...
How much insurance coverage would you recommend? Purchase price 37,500Rehab 45,000Arv 150,000The quote I received has dweling protection coverage of $425,000 and the policy is $6,000is that right? Thanks
Guys,I'm thinking a little out the box on this one. I have an old wood house on piers near my home that is slowly wilting away. It looks to my beginner eye that it is passed any point of return. It's just falling apar...
I already posted this but I fear I overexplained. I recently got a notice that because of "certain features" the insurance company's inspector found when giving my property the once-over, the valuation of my fairly st...
I am trying to write a letter to a family who's house is a complete loss. I normally send a "I want to buy your house" letter but I am thinking that I should address the damage in the letter. Something like, "I am sor...
Wanted to get the the thoughts and opinions of investors out there. Do you really need home owners insurance for out of state investments that are owned all cash? I guess the real question is if my deductible is $10...
What are my options to get out from under an asset that had a major fire, where we had no insurance?This asset (now a liability) is owned under a self directed ROTH IRA.I know there may be follow on negative consequen...
I am in the Hudson Valley of NY. I am wondering if anyone can give me some ball park figures on "blowing the roof off" of a house. The house currently has more or less a Cape Style 2nd floor with dormers. There are si...
We are going to sell an old house that has been in the family for years. It's a tear-down property. I am running the numbers on the idea of tearing it down and rebuilding it myself, then selling the new construction...
For those that have paid off rental properties do you keep insurance on them? I have several small cheap rentals and owned them for 7+ years and never made a claim. Now that they are paid off I was considering not kee...