Neera Melwani
Insurance Coverage Issues w/ LLCs
Has anyone come across any issues with insurance being enforceable if they transfer over a property from a personal name to LLC with a loan on it? I'm aware of the risks and implications of the due on sale clause, but...
Ashly B.
What to do with partially finished, walk up attic?
Yesterday one of our tenants notified us she'd be moving mid-July. The unit is a large second floor 1 bedroom and is the only unit that has access to the attic. The attic has stairs going up and is approximately 500 s...
Jeff Oberts
BRRRR private money question
Hello, how are private money lenders typically repaid for a BRRRR method transaction? Example: our lender is providing us with $40,000 for the purchase. How (term, rate etc.) would they typically be repaid if we plan...
Gaurav Mehta
What qualifies as a Qualified opportunity zone business property
Hi,I am going through Form 8996 required to be filed for a corporation to be considered for Opportunity Zone. I have a few questions on what it means for a property to be a "Qualified opportunity zone business propert...
Marie Shaug
Owner Financed properties - Minimum insurance coverage
I have sold 3 properties to someone and have just learned that the insurance they have on those properties is the absolute minimum, fire and lightning only. It does not include wind, hail, hurricane, tornado, vandalis...
Becca Barnes
Tenant Rental Insurance to cover damage
I am about to sign a lease for my first rental property this weekend! There is a question of how much rental insurance the tenant should get to cover any amount of damage to the property on top of loss of their own p...
Mike Engler
Borrowing money from a family member
I'm on the cusp of purchasing my first multi-family/commercial property. The question I'd like to have answered is, if my father is willing to "lend" me the money to buy this property, but does not want any interest ...
Account Closed
PM asking to be added to my liability policy
My PM came out with a new contract. It now requires me to get a liability insurance policy, and add them on the policy. Is this normal? My attitude is that I should only be responsible for my negligence, not theirs. T...
Timothy Lewis
Renter's Insurance Help
Hello BP Fam,*Short Post Alert*I just moved into an apartment (renting) for a short time (no longer than a year) while I save to purchase a property for myself. My landlord is requiring me to get renter's insurance of...
Joe Rinella
Dealing with snow removal in Massachusetts
Hi everyone,I'm wondering how other rental property owners handle snow removal in the winter in Massachusetts and other areas that get a lot of snow. With the amount of snow we got last year in Massachusetts, it seems...