Christine Wilcher
Interest Rates and Points
Hello!I'm purchasing my 2nd investment property and working with Truist bank. They are asking for 20% down and providing a 7.1% interest rate. They are charging me 3.389% in points! I calculated 5% in closing cost. ...
Moses Lee
Do I need umbrella policy if rental property insurance also includes liability
Just purchased my first investment property. I am currently shopping for insurance. At this stage, I don't think I need to set up an LLC, but I see a lot of people recommending getting an umbrella policy. I got a coup...
Brad Morsberger
Month to Month Lease
I will begin managing an apartment for my father as of Jan 1, 2016. His current tenant is a friend of my family and he is always late on the rent and since my dad is a nice guy he always allowed it. I have control o...
Susan H.
Pets & Required Renter's Policy
In the “you might have similar questions” category: Since my tenants of 3+ years are moving out this summer, I checked with my insurance agent to clarify the rules/restrictions about dogs in rentals. My agent (with Al...
James Thomas
Finding Rockstar Real Estate Agents
Hello Bigger Pockets! Live overseas and shall be transitioning in the very near future to Kitsap County, Washington. Our intent is to purchase a property with the ability to house hack. Objective one, find a rockstar ...
Dave Barker
Properly Protected “Subject to” deal
Hello, I’m an investor from Wisconsin. I purchased a home via “Subject to”, I’m listed as additionally loss payee insured on sellers policy & of coarse I own the Deed. The mortgage is still in sellers name until s...
Malikah Planas
Putting a Property in an LLC?
Hi, what is the benefit of listing a property with the LLC, for example, I saw a home on Zillow that was purchased by someone using the street name ex: 2345 Anywhere Dr. LLC I also saw the business was formed when the...
Katie Helmboldt
Renter's Insurance Liability Minimum?
Hi, folks, I just closed on my first deal a few days ago, and I'm editing our first lease using the template given from BP for my state (Maine). There is a section about leasees providing their own renter's insuran...
Tim Harris
Limited Liability Corporation (LLC)
I need advice as an out-of-state landlord on how to set up an LLC in Cleveland. Is there any reason not to do this? Also, could you recommend a reputable law firm to help establish an LLC.
Linda Thomas
Itemized letter of deductions from security deposit
Hello,Tenant vacated unit and provided forwarding address. I mailed the itemized letter with deductions within the timeframe required by law. Tenant contacts me asking if I mailed him the refund. I told him i sent the...