Shawn H.
Replacement cost-2 story to 1
I have a 2 story duplex...3 bd 2 ba 1650 sf each unit. The insurance company came up with a replacement cost of $412,000. I don't want to pay premiums for this much coverage. If a total loss were to occur, my plan wou...
Charleston Moss
Looking for guidance, what would you do in this situation ?
Hi BP family, New to flipping and investing. I recently came across an owner looking to sell. Long story short , one turned into a few properties. My question is, because of the condition that the other two properties...
Alyssa S.
Tree fell on rental - investing insurance money
A large tree (75 year old / 5 story Oak Tree) fell on a rental property a couple weeks ago and caused a lot of damage to one of our rental properties. We've been working with insurance on the claim to fix this home. ...
Doug Danoff
What's your formula for insuring a flip?
Hi All,I've found a flip in the Boston suburbs. First one. So many things to work through!I was curious how experienced flippers calculate the insurance they take out on their rehabs. The combo of vacant and builde...
Amit S.
Need advice on how much to insure
We recently moved from Sugar Land, Texas to northern Virginia.
I'm hanging on to our home and it has been leased.
It turns out that dwelling/fire insurance is hard to find and extremely expensive in our...
Celso Javier Ramos
Introduction to the family
Hello family, I'm new to the group. After hurricane Maria devastated Puerto Rico, I decided not only to help rebuild the island but also to bet and invest on it. Nowadays I'm the owner of 6 doors here in P.R. very ble...
Sean Haardt
Harvey and my mother in law's house in South Houston
Hello BP community. Thanks in large part to BP, I purchased my first duplex this summer in Western Maryland. I look forward to helping others on BP reach their goals as I have been helped. But I urgently need advice a...
William Huston
Selling a Rental after being rebuilt (fire)
I have an interesting situation on my hand, one of my rentals (Townhouse). Nearly half of the complex was burned down from a fire about a year ago. The insurance company is going to rebuild all the units due to the am...
Peter Navid
What's the advantage of keeping a couple of walls when rebuilding
Hey guys,I'm planning to convert my 1 story 1000 sqrft home to a 2 story 2200 srft home, in los angeles, CA. My house is so old that financially it's not worth keeping anything. But I hear there are benefits (tax &a...
Sarah S.
Suggestions for Property in Area of Gentrification
I am not too sure what category to place this so my apologies if in wrong section. During my cancer battle I have met many warriors and their caregivers and for some, medical costs have taken high tolls om them in var...