Account Closed
Insurance carrier that lets you select property value to insure?
I'm shopping around for property insurance on a 2600 sf commercial building. I have it under contract at $110k but every insurance provider I've called is making me insure the building to $400k+ (because that is their...
Bryan McNulty
Valuing a potential purchase in Jersey City (Heights)?
Hoping for some advice. I’m looking at purchasing an old single family house on a 25x100 property with 25’ of frontage on Summit Ave. in Jersey City’s Heights neighborhood. It’s in an area that was recently rezoned fo...
Jay Hinrichs
LA fires Wholesalers Beware
Just got this bulletin From the DRE in CA. it is illegal to offer Less than fair market value of any property in the fire area that is less than what the value was as of Jan. 6 2025. Fines and imprisonment if vio...
Pat Jackson
Putting all your eggs in one basket?
I just got a house under contract in a medium size city in Missouri. I'd like to build a buy and hold portfolio in this city. It's not likely, but it's not impossible a tornado could level this city, destroying my ent...
Daniel G Blais
Getting the most out of a fire damaged property
I have a fire damaged house that I am looking to sell. The house itself is a total loss. rehab means rebuilding from 1 wall or complete rebuild from scratch. My question: Is it better to demolish the house and se...
Manoucheka Guillaume
Zoning Issue - Legal Non-Conforming
FHA rejected the purchase of a duplex because the area is zoned for single family. There are several other duplexes in the area. I spoke to someone in the city's zoning department that confirmed the area was once zone...
Tyler Sawyer
Camp Fire, Carr Fire, anyone have advice on the market now?
I'm located in Northern California with in a hour of both the Carr fire and Camp fire. Both really divesting and pretty tough on the local communities. Me being a newbie and what I have seen is some interesting tren...
Nick Forbes
STR in Historic District
BP Community, looking for advice/connections on the following: CPA with STR experience, RE Attorney, & Cost Segregation. Below is our situation! Property Location: Downtown Raleigh, North Carolina Investment type:...
Jennifer Handlin
WHY CAN'T I GET AN INSURANCE QUOTE ON MY RENTALS!!
Why is it so hard to find an insurance agency that can provide insurance for 9 rentals in LLCs, umbrella policy for all of them and do this with in a reasonable cost? Im am better off keeping my properties out of an L...
Tony C.
Commercial lending on "distressed" assets
Hi BP - there may be an obvious answer to this question: do big banks usually lend on commercial assets that are vacant upon purchase? If I plan to purchase the property as is, demo all the structures on the land, and...