Hi,
I own about 10 units and was looking to get a a general umbrella policy to cover any possible litigation. Is this a good idea? And if so what is a good coverage amount? 1 or 2 million?
Thanks!!!
A brief overview.40-year old S-Corp with a stable history and no past financial problems. Assets: $700K-$1M. Debts: Zero. Vast majority of assets are commercial, with less than 10% SFR. Clean, complete books and a...
Hi BP Fam!
I'm renting out a backhouse, which is only 360 square feet in Marina del Rey (Los Angeles). Am I allowed to list "Unit is limited to and ideal for a single occupant" as one of my criteria? I'd appreciate ...
I’m under contract on a 4 plex in a town that gets hit with hurricanes from time to time. Anyone have any suggestions on how much home owners insurance I should carry. I am borrowing from a bank, and will carry a m...
I expect to close on my first deal. It is an MLS purchase, that I plan to rehab. How do I make sure I have the right insurance?
Curious how this works, if anyone can explain to me, I'd appreciate it. I currently have a VA loan for my primary residence purchased for $545k. My county VA loan limit is $726,200 for single-unit and $929,850 for two...
In my research I came across fundingforflipping.com. There's a promise of 0 down, no interest for 12 months or more, etc... for a LOC. I'm currently unmortgageable - self employed and just bought our own house with a ...
The only (2) units I've owned thus far have mortgages on them, and therefore homeowner's insurance.My next few purchases will be cash - - but I can't imagine not placing homeowner's insurance on that - am I right?Is t...
I find this "no overnight guests" listing on rental postings interesting.
Granted, most of these ads are for roommates, not single-family dwellings.
Still, it brings me to a few questions.
1) If you've had roomma...
I would like to know the difference between an LLC and a partnership. Thanks for any support!