My business partner and I currently hold an investment property in our names via an unsecured note. Our initial financing attempt through the broker channel collapsed a week before closing, so we pivoted to a local ba...
I am picking up my first rental and wondering since the loan I am getting is in my personal name how I can put it into my LLC at closing for personal protection.
We now have several multifamily buildings - each with its own robust insurance policy. However, it was suggested by a friend that we should get an umbrella policy for each building.I inquired with our agent and he adv...
Sorry if the below sounds like a rant but this is starting to drive me bananas.I've been looking to set up some asset protection as I have 11 buy/hold residential rental properties that are scattered across 3 states, ...
I'm in Kalamazoo county, and my landlord policy is up for renewal. I'm curious who others use in the area. I have been happy with Allstate thus far, but I'm always looking to maximize my return.
Any insurance bro...
Hi BP Community,This year in June I purchased my first buy and hold property - a duplex. I know that it is important to have cash reserves set aside for unexpected issues that may arise with the property. However, sho...
I am about to make an offer on a 4-plex in Texas. I will not have the 2 year tax returns in order to obtain a commercial loan (I will have 2 years in April but I want to close ASAP). As such, I am exploring simply doi...
Hi, I'm wondering if you all consider home owner's insurance as tax deduction on your rentals? I'm reviewing my last three 3 years of returns where I worked with two different CPAs. I didn't notice this before but I n...
Good afternoon bigger pocketers,While going through the motions of moving out of my first rental, I came to the reality that my asset assets far exceed my current life coverage. I contacted an insurance sale person. ...
My mother passed away and we are renting her house out. I just became aware that she had no insurance coverage. Do I need to get insurance if renting it out? Why is the insurance so expensive?