For those that do a lot of cash HUD deals, do you buy title insurance on each one? What would be the potential title problems that HUD would not wipe out in the foreclosure? I am thinking about getting a title sear...
Hi,
I've got a mortgage app in for a rental property. One of the conditions of the mortgage (which were given to me after applying) is that I need to purchase replacement cost coverage rather than cash value coverag...
Should I get an optional owner's title insurance with a cash transaction for a condo? Price 155K. The property is a long and short-term rental. In a few months, I plan to refi, so I will have to get the required loan ...
Are there any kind of formulas typically used when determining if you want your landlord policy to cover replacement cost vs actual cash value?I am looking at 6 properties right now. On some of them, my purchase pric...
What type of insurance coverage are other using for their rentals (Actual Cash Value or Replacment Cost) and why?Best of Success!
I am currently under contract for a HUD property that I am paying cash for and set to close at the end of the month. I have a couple of questions about title insurance and costs. I know that HUD doesn't provide...
I received an insurance payout for a damaged roof on a rental property and the contractor doing the work is offering a discount for cash payment. Does this make sense financially? If the payment is considered a busi...
Hi All,I am trying to get a cash-out refinance on a single property I bought with cash. However the lender is requiring insurance on my entire portfolio (of 8) - some of which I cannot find anyone to insure, e.g. Mobi...
I'm currently in closing for my first property and am looking for insurance for it. I'm trying to decide if I should get ACV insurance and increase the cashflow by $20 a month or so or if I should get replacement.
W...
Hi,
So far I have been using my IRA to purchase properties so the POF has not been as issue as I have been just using cash from within my IRA. So the whole POF thing is a bit new to me.
With that being ...