Complicated post and I realize this might be more geared to a CPA, but figured I would try here and see if anyone else has come across a similar situation. Will itemize for brevity purposes:- Mother wants to move to S...

Hi everyone!  I wanted to see if anyone had advice on home owners insurance when flipping properties.  I've flipped one so far and just got regular home owners insurance, bundled it with my car and then cancelled.  It...

I'm in the process of buying a REO. I need to put in a kitchen, bathroom, floors etc. Sonit does need some work. Problem is I can't get regular homeowners insurance according to my agent. The ins company won't write a...

Hi BP members - I was wondering if anyone in Houston has done deals with a wholesaler/assignor named "Booker T. Holbert" who runs the "Holbert Consulting" business. I was in the process of doing a deal with him, but l...

I am about to purchase a short-term rental property and I'd like the property to be held within an LLC (as my other properties are).  My lender tells me that since Sallie Mae guidelines allow a transfer to an LLC that...

Hello fellow BPers. Question for those who are familiar with rural properties that have propane service;Who owns the propane tank when you purchase a REO property in California?We bought the property about five years ...

As is the case with many areas it has been hard to find deals lately. Inventory is low and prices are high. I started to branch out looking for vacant houses in my area. A few of them I've had my eye on for years,  as...

Hello All,So I have a tenant that recently moved out on July 16th. The lease wasn't up until October. I had to pay him $200 to move out because he only paid $250 in May and that was the last payment. So he owes for Ma...

HelloI decided to go with AirCover and home owner’s insurance to cover when it’s vacant. I hear mixed review on Aircover as Airbnb always had it before but many uses 3rd party addition insurance to cover guests. Would...

Hello, I am buying a house from a local bank as a limited warranty deed. I'm a bit confused why not as a general warranty deed. Are they trying to hide something? Should I request I get a warranty deed instead of li...