Paul Arute
What to do with a new rental
I’m moving out of my condo and I am setting that up as my first rental unit. I have about $120k in equity and was planning on borrowing against that in the future to buy more property. After reading a few forums and t...
David Litzau
Renter’s Insurance Questiion?
I just purchased a couple of SFH’s that are already under lease and producing good cash flow. However, after closing I came to find out the current renters do not have renters insurance. Is this something I should r...
Drew Cameron
Become your own bank
Hi fellow BPers. I stumbled across a book that was mentioned in one of the forums here called "The Wealthy Code" and read it cover to cover really liking the ideas, content and the way it was written. The author wrote...
Megan S.
MF Insurance Costs (New York State)
Hi all,I'm in the process of buying a triplex in the Hudson Valley and insurance quotes are coming in between $2000-$2500/yr (current owner pays $2400). This seems crazy high to me, as I insure my Portland, OR duplex ...
Robert Earl
mortgage life insurance
I recently decided to buy my dream home. My wife and I have been saving for a while now for this. But we have come to a halt point where we are confused on which and how to select. There have been several companies av...
Lexie De Stefano
HELOCs: 5 Year length at lower rate vs. 10 years at a higher rate
Hello!I'm looking at taking out a HELOC on my primary residence (house #1), to purchase house #2 (BRRRR method in a high appreciation/low cashflow area) that I plan to use as my future primary residence. I've been deb...
Jeff M.
Tighten Terms rather than evict?
I have a tenant who violated the pet policy. I believe I have grounds to evict but I have never done so before and my lease is not very clear on terms for cancellation/eviction. The tenant, a young college girl wi...
Stephanie Baron
Turning Primary Residence into first investment Property
Context: I am just starting out as a newbie investor and landlord after many years of hesitation. I have turned my primary single family rowhouse in Philadelphia into a rental. I did this because 1) that was always th...
Viral Patel
Roof replacement Cost Value
Hi, I opened claim for roof and wind /hail damage and it seems insurance agreed approved the claim. Later when I got the estimate what I found out that they are only going to give replacement cost coz roof is at 10 ye...
Wesley W.
Multi family shared yard
Hello all,Here's a question to you small multi family landlords that have properties with a shared yard. Specifically, what is your policy on its use as well as the use of tenants' items therein?Some context...I have...