Kevin Parnella
IRA as down payment
Hi all,I Good afternoon. I love the board. I've been reading through the posts and have learned quite a bit.I am in the mortgage industry and know general guidelines. I'm looking to try and figure out ways if using my...
Tom Lipps
Multi Family Insurance - Replacement Cost vs Actual Cash Value
Hi BP!I have a question for you. My insurance Agent gave me two options to ensure my Duplex:1) Replacement Cost - if building is damaged the company buys the cost to replace the item including current labor and mate...
Cody Brown
Electrical Damage (Insurance or no?)
I have a duplex (built around 1940) that has an older fuse style breaker box. It overloading this weekend and burnt part of the breaker box. I had one electrician come out this weekend and recommend a full rewire of...
William R. Matthews IV
Umbrella policy and land lord policy
Should I have/need both a landlord insurance policy and an umbrella insurance policy for my single family rentals? Thoughts?
Austin Cottrell
House Hacking - insurance question
Hello,I'm about to buy a Duplex to be used for house hacking. I'll be living in one unit and rent out the other to make a nice $250 profit as well as no rent needing to be paid on my end. My question is what insurance...
Angad G.
Statefarm is 1/3rd the Price?
Hi BP,For my single family rentals (owned in an LLC) I have traditionally been using insurance brokers that have been recommended by my PM. I had about 80K of coverage on each house (Actual Value) and a $1MM liability...
Thomas Guertin
Property insurance for a corporation
I incorporated my rental business last year and just bought my first SFR under the corporate name. For properties that are not in the corporation I pay about $650 for Dwelling insurance. For the property under the c...
Thomas Price
Real Estate Agent AND Insurance Agent
I run a large Real Estate Agent team and have started to invest in supplemental companies in order to increase income through the same activities. I am beginning to reach out to the insurance agents that I know to hea...
Steven Rich
Does Your Insurance Cover Coronavirus Real Estate Business Loss?
I just published a new blog post titled: “Does Your Insurance Cover Coronavirus Real Estate Business Loss?” in the Bigger Pockets site.
It explains what to look for in your insurance policies to see if it covers coro...
Shanna Bechtel
Whole Life Insurance as Collateral
Hello investors!
Many of you talk about borrowing against a self directed IRA. I have no such thing but in studying creative financing, I heard about borrowing against a life insurance policy. I have not accrued much...