Kerwin Butts
Financing Options after Vandalism and Theft
Good Evening BiggerPockets Family, I'm new to the forums and have been looking to see if I can find a solution to my current problem. I have a 2 unit, 1b, 1bth duplex in Jennings, MO that I acquired back in July. Now ...
Isaac Lewis
Getting Loan Using Life Insurance Cash Value as Collateral??
Hi all, So I am trying to finance the purchase of a residential real estate property and I am looking to use my life insurance cash value as collateral to fund the loan, purchase the property, and then refinance to pa...
Sebastian Naczas
Tenant broke hand while walking on driveway
Hi All, My tenant broke hand while walking on the driveway. I got in touch with my layer and insurer to see what are the options. But I'm also wondering if any of you had this happen and how to handle it.Thanks,Seb...
Chris Holloway
Sell Property with Approved Claim in?
My house is on the market and I was in the processing of closing however a storm damaged property. My claim was approved and the buyers are good with , however if I sell the house will I still get funds to restore pro...
Marcin Chojnacki
A GLIMPSE INTO THE CHICAGO LAND MARKET VS. OTHERS
Greetings fellow BP members. I've seen a lot of posts regarding questions on what cities are getting fix and flip investors good returns. Let me share how the Chicago Land area currently looks. Please share ACTUAL num...
Jennifer Knestrick
Purchase as LLC with LLC as Mortgagee
I was surprised to learn - and frustrated, as it should have been evident weeks earlier but was not mentioned to me - that Quicken Loans wouldn't proceed with a purchase loan because title will be held by an LLC.
Is ...
Kadeem Kamal
Anyway to estimate insurance without reaching out to my broker for every property?
I'm currently planning to purchase a commercial multifamily building in Chicago with the proceeds of a 1031 exchange. I am looking in the 750k-1.1m range with between 6-10 units. I haven't sold yet, I've been analyzin...
Mikel Kaubfa
Switching from homeowner Insurance to rental insurance
If I'm getting ready to move out and rent my property to tenants. How do you advice I proceed with changing from Homeowners insurance to Rental Insurance? Does my mortgage company need to get involved as well? Thanks
Ingrid Nagy
Toxic Mortgages
I have a friend who just started buying up "toxic mortgages" - delinquent mortgages from various lenders at a deeply discounted rate. He now is assuming the rights of the "bank" and proceeding with foreclosures. Mos...
Jenna H.
I bought a foreclosed home with a tenant in it, he will not allow me to have an inspector inspect property?!?
I need to buy property insurance for my new home purchase, and the tenant will not answer his phone, the door, or respond to allowing me to set up a time to make a meeting time for a property inspector to inspect the ...