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Hello, my friend has a single-family house in St Petersburg, Florida which we invested together and renovated. I will purchase the house as my primary and was shopping around for homeowner insurance policy. However, ...
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Scenario: Today, I have 5 properties covered under a personal umbrella policy. The carrier has informed me that I can no longer add any additional properties under the umbrella policy and I should look into a commerci...
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As we are progressing with the studio condo bought on auction.com, we are also progressing on making an offer for a multi-family with 3 units. The cadence... it's a bit tense. I have a few questions.
1) The title ins...
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What are the advantages/disadvantages to owning multiple properties under one LLC with each property having its own umbrella policy compared to owning each property in a separate LLC without any umbrella policies?
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Hi all, I'm long-term renting a property to tenants (a husband and wife team) who will short-term rent the property via AirBnB, VRBO etc. My home insurance carrier (State Farm) seems to not be familiar with this arbit...
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Quick question, I'm in the process of insuring my holding LLC but curious if I should add myself (an individual) as an additional insured or would I be putting myself at risk of someone "piercing the veil" in the even...
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Hey BP,I started my personal REI journey 3 months ago and am happy to announce we're in the process of closing on our first multi family deal! It's been a very educational process going through the steps to executing ...
My partner and I are working on getting offers out soon for distressed properties to rehab and resell. In the meantime, we're making sure we have the appropriate insurance lined up to protect ourselves should things (...
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I'm currently in the middle of my first deal, which is exciting. Learning something new every day. Part way into the process we decided to not purchase the house using conventional financing but instead us a commerc...
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I purchased a 2 bedroom condo in the DC area (U Street area) and am now using it as a rental. The condo is 1000 sqft. Should I get an extra umbrella policy up to 1 or 3 million? Please let me know if there is anything...