John Peter
Insurance Crisis Scaring Investors Away?
Glad I waited to do anything after moving here over a year ago. So, in FL there's an "insurance crisis" in some areas leaving homeowners and landlords with double and triple their premiums from the previous year if th...
Rayman Shakuri
Investment Ideas - Investing into something monthly
Hello,Where would you guys invest $500 a month into? I was thinking of getting me a whole life insurance policy that builds cash value, but then i was thinking if i should put that money into a ROTH IRA?I would love s...
Jason King
7702 Plan for Investing
Hi BPers, I was at my local REIA meeting last night and we got on the topic of creative financing. Someone brought up a concept I had never heard of before, 7702 plan. The way it was described is this is an insuranc...
Joseph Liz
3 paid off houses for cashflow
Hello all, I’ve got this idea stuck in my head that might sound crazy, but just might work.So currently I have zero debt, rent an apartment for $435/mo, car insurance/gas and groceries, and other little miscellaneous ...
Jacob Beg
Title Insurance Issues with a foreclosed property
Hi All:Hoping to get some feedback on something I never encountered before.We purchased a property through trustee foreclosure sale in MD, where the first and only trust was being foreclosed. During title search, it w...
Aaron Ingram
Escrow Shortage killing cash flow
Hello BP, i'm relatively new and just starting to build some momentum with two cash flowing SFH rentals. I just got notice that after escrow analysis, the payments on each of my properties will be increasing by about ...
David Ackerman
Insurance question
Hi all,
I own 4 properties all in an LLC. I have a $2,000,000 umbrella property for all these properties. One of the properties I bought for cash. I am trying to do a cash-out refinance for that property. All the...
Alex Hake
High Flood Insurance? What to do?
Hey Everyone,I am looking to invest in an area that is a high flood risk. It is a small coastal neighborhood where their seem to be a number of deals but I think the flood insurance on any of the given houses might pr...
Ben Skove
Looking at a property to buy & hold in a flood plain
Hi folks,
I'm looking at a 3/1 REO going for $14K, rent comps around $700. I won't know the repairs until getting in today, but it appears in reasonable shape, probably no more than $15K.
It's mapped in...
Greg P.
Staging Equipment Stolen
Hello, we had around $6,000 worth of staging equipment stolen from the home a few days ago. I've asked our insurance company and they say that they do not cover theft. The Staging company stated that they also ha...