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I am currently purchasing a turnkey rental from JWB in Jacksonville and just found out that when the agent went to bind the policy, the carrier declined coverage. In speaking with the insurance agent (Ricci Insurance)...
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Need insurance on an owner occupied 4 unit property. I am very confused on what coverages I need. I have received quotes with yearly premiums ranging from $1600 - $4500. Each quote that I have received is structured d...
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This post pertains to purchasing property “subject to” an existing mortgage. Investors seem to have strong opinions about the legality of this type of purchase. However, it is not helpful for people to state their u...
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Hello, everyone. I just added my 4th multifamily property and was informed by Geico that they would only allow me to carry four homes on my umbrella policy. Was wondering if anyone had this problem and had to resort t...
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Currently have some STR but cities have some regulations. Anyone else invest in STRs?
If so, what city are you in and how are the regulations/policies?
Any signs/concerns with policy changes that would limit and/or ...
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As far as I know, you're required to carry homeowners insurance when you have a personal residence.
If I, as an investor, acquire a property subject to owner's existing financing, what about their homeowner's insuran...
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I am planning to see a lawyer within the next week or so. I am definitely planning to create an LLC. However, my issue is that I still haven't settled down on a target market.For those that have experience with LLCs:1...
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Hi BP community!
I'm scheduled to close on my second 2-unit property but I know that some time in the future there are repairs/updates that I will have to make.
For example:
-The parking lot/driveway needs to be resu...
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I have a partner with not great credit. Mine is very good. He doesn't want his credit to affect my buying power and we want to set up an LLC. Is it possible for him to be a partner and NOT be on the LLC?
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Is making all your tenants having renters insurance something to prioritize when renting out your property? why or why not?