Hi BP, I am looking for referrals for a nationwide insurance company to get coverage for my out of state rental property. Is it better to go with an insurance company that is specialized on investment properties, or ...
I'm purchasing my fist REO in NJ to renovate, not sure yet if I will flip it or rent and hold it. The numbers work well both ways. My regular insurance broker who has my other rentals and business policy cannot writ...
I've been reading all the IRS pubs about rentals in general and specifically about VR's. We are a sole proprietorship. Since we plan to handle all of the management ourselves, we will be providing "substantial servic...
Hi all! The roof on my rental property has caused water damage inside. I've already filed a claim on my other rental property because the filter has leaked 2 years ago. Should I file another claim for a reroof or pay ...
If I own a condo and am behind on HOA dues can I quit claim my property to a LLC to protect me from liability?
Hi everyone.
I just closed on a single family home that I’m planning to flip.I have financed it using a conventional mortgage under my name, and I would like to transfer the title to my LLC, so I can manage the renov...
Hey Biggerpockets!I am looking for a new insurance provider and stumbled upon RealProtect, a division of Norton insurance, and the rates/coverage is pretty darn good! I was just wondering if anyone here has any experi...
This is my first post on here so I apologize in advance if this is slightly off the mark. I am interested in renting one of my properties for a short period of time before either selling it, listing on Airbnb as a day...
I've been exploring the discussions addressing IRC 199A and the IRC 162 requirement that must be met in order to obtain the new tax benefit under 199A. During that process, I came across the item below which appears t...
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...