Guillaume Derouet
LLC'S vs Millions dollar umbrella insurance policy for rentals?
Hi Guys, what is the best for liability insurance when you own rentals properties?Is it to have each property under an LLC or having a 1 or 2 million dollars umbrella liability ?Please let me know your thoughts, i wou...
Mark Higgins
55+ mafia or dentist nightmare, take your pick
I am a newbie mobile home investor. i have been building my buyer list and working on calls to sellers about units for sale and practicing my questions to sellers. Here in Clearwater St Pete area there are many 55+ ...
Ceasar Rosas
House hacking in NYC. The Bronx specifically!
Hi everyone,I just wanted to write a bit about house hacking in NYC. I started in 2013 buying a multifamily using an FHA loan with a sellers' concession included. My total out of pocket for that house, that cost 400k,...
Patrick Ng
Help with Squatters!
We had recently been rehabbed and put on the market a single family home. When a scheduled showing was taking place, we found people had moved in and claimed they have a lease that was signed with an individual who ha...
Ken Rishel
Courts are Speaking on using MLOs and others as "Fronts"
Here on Bigger Pockets it is very popular to suggest that one can make loans through MLOs and avoid any responsibility for licensure and compliance. I have held that since January of 2014 that that is likely a very da...
Terri-Leigh H.
Deal of a lifetime - Bought from ailing elderly neighbor
Investment Info:
Single-family residence buy & hold investment in Cape Coral.
Purchase price: $60,000
Cash invested: $60,000
2/2 across from canal in desirable neighborhood - Bought from health f...
Gerry Cohen
DO NOT INVEST with SCOTT CARSON (We Close Notes) or Inverse Asset
I have been reluctant to broadcast this information to the note investment community, hoping not to "hang out my dirty laundry" with colleagues or the note investment community. However, it is time to speak out and ad...
Alexi Schreier
Property manager asking to be an authorized signer
Hi all,I’m about to close on my first out of state rental and have been in contact with a property management company to manage it.For accounting purposes, the PM is asking me to open a business account at a local ban...
James Peters
Person squatting with no lease at my father's home in Long Beach
The Long Beach Police have not been able to help with this situation, so I figured I would reach out to see if the BP community could offer some advice for a huge pain I have been dealing with for over 3 years.Here is...
Johnathan Cummings
Is Subject to fraud?
I have a subject to deal that I can pursue, but my broker tells me that subject to is mortgage fraud. Basically if the current owners die, go into bankruptcy, or something else, I would lose the property and it’s not ...