Hello BP'ers...i am a new investor and have purchased my first SFR. My head is starting to spin regarding insurance options. Any advice e is appreciated.Here are the facts:- house is in our LLC (per our CPA's advice)-...
We purchased a triplex through creative financing and inherited the insurance through the seller. If we were to transfer the insurance to a new company - would this trigger the due on sale clause with the mortgage com...
I bought an off market 3 plex that was used for one family to live out of, they owned all the units and lived in them all. I bought off market for what I am pretty sure was about 70k less then I thought it was worth a...
Hello Everyone,Closing date is arriving quickly for my first investment property. A 3 unit in Massachusetts. I've called many insurance companies and a couple agents. Everyone I talk to wants to quote me for full re...
I bought a property cash a few months ago, I purchased the more expensive version of title insurance at the time of closing. Now I’m in the process of doing a refinance, the bank wants me to get a lenders title insura...
Guys,
I am trying to figure out my post-tax cash flow from my pre-tax cash flow and other stats on buy and hold properties. How does it work again? Please correct me if this is wrong:
From the net operating income...
The insurance adjuster wrote an estimate and then sent me a check although I told the adjuster I had not agreed with the amount of the damage due to the house water damage. What should I do after I receive the chec...
Hello my BP friends,I find the duplex that I can potentially interested to buy as owner occupied property. I did analyses on rental calculated I include property managements and other fees. Number makes total sense ,...
Hello BP, My wife and I are jumping in to the REI world and buying our first property. I’ve been on BP for years and have dabbled a little bit but never got serious. Now I am. We are looking to buy our first home thr...
Hi BP! I'm new to the real estate world and am thinking that in addition to some of my savings, I'd like to use some equity from my primary residence to purchase an investment property. I'm not a math whiz and it se...