Michelle Zarlengo
Letter to fire damaged property
I am trying to write a letter to a family who's house is a complete loss. I normally send a "I want to buy your house" letter but I am thinking that I should address the damage in the letter. Something like, "I am sor...
Jon Shepard
Help with First Land Purchase
My family lost our home 2 months ago in the Alexander Mountain Fire. We plan to rebuild, but our neighbors are aging and do not wish to go through a rebuild. They have offered their property to us at a very good pri...
Account Closed
Home Owners Insurance Really Necessary?
Wanted to get the the thoughts and opinions of investors out there. Do you really need home owners insurance for out of state investments that are owned all cash? I guess the real question is if my deductible is $10...
Grace Sunshine
Tornado in New Orleans East yesterday
Yesterday I was in New Orleans East when the Tornado hit that area. Luckily, our house is fine. Some of our neighbors didn't have good luck like us. As a real estate investor, how can we help them and get some profit ...
Account Closed
Insurance confusion first multi as a rental
I am in contract for my first rental and plan to rent all the units out. I am having trouble finding a responable quote, and also on what exactly I need as far as coverage goes. I had a quote from 21st century for 10...
Mark Bugg
Help! Too many Applicants - Tornado Relief!
We have been preparing our first rental home to be listed for several weeks now and listed it last night. We received 4 applicants in less than 12 hours! But here is the catch, 2 of them are victims of the recent...
Joseph Bagley
Looking for recommendation of a Bank in San Antonio for a BRRRR
Could someone recommend a bank they used for a BRRRR in San Antonio? I'll be an out of state investor.Found an owner finance deal. I'm planning to rebuild the house and repay seller. Once house is rebuilt I'm wanti...
Bao Da
Loan for a 2-family residential property zoned as commercial
I heard from one lender saying that they would not provide loan for a duplex zoned as C-2B. Is that common?
And any reason for that?Any lender who does not have that restriction?
Mike Barnish
Tear down or salvage house
Good afternoon all,Does anyone know what kind of inspector do I use to inspect a house to see if I should be kept for rehab or tear down. House built in 72 had a hoarder in there, surface mold on walls, 5ft hole in r...
Sharad M.
What would you do?
Hello all,
What would you do in the situation? The property is a 3 unit and each unit is 2/1. Two of the units are rented out for $525 each with tenants paying the utilities (except heat for one)....