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Im in the process of closing on my first rental property near Tampa. It is a townhouse and i will pay a monthly maintenance fee that will be placed in escrow and will cover the exterior of the building and the roof if...
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A friend of mine that owns one investment property recently warned me of the need to require tenants to have insurance due to the "loss of use" liability. The main water line to his property recently burst, flooding t...
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I'm getting ready for my first flip project. Is there a rule of thumb of what costs require cash up front vs what can be covered via loans? From what I"ve gathered on a few posts, I believe the hard money loan downpay...
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A newcomer from New England here:
Motivation: I want to live in an area of the country that tends to be expensive and not rent or be house-poor. Ideally, I would like at least a decent stream of additional income on...
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I working on my first flip and was curious to know what people tend to do for insurance with flips. We bought it in cash so there is no lender but what is recommended for insurance with flips? The project will take 6-...
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We have half a dozen rental units (homes & townhomes). We have generally prohibited allowing pets. However, I see many postings saying that it can be a wise strategy to allow them in rentals.
We were recently wei...
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Steps:
1-Live in and hold mortgage on primary SFH
2-Add additional persons to title only
Scenario, additional person on title gives closing cost $$ of 3.5%, add the person to title as 7% ownership and rides it out ...
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Hello, Everyone!I am currently in the process of setting up insurance for a property I bought in Kansas City. I was wondering, the typical insurance you need is: Landlord insurance (for fires, hail, explosions etc..) ...
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I am renting my house to section 8 tenants. I want to request tenants to buy their own renters insurance.
Could you please advice if it is okay for me to request section 8 tenants to buy renters’ insurance? Is it a...
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HEY BP!!!I need your help! I am looking into getting Business Liability Insurance for my flipping company which is under a LLC. I need suggestions on companies, rates, what type of coverage I need, and anything else ...