As a lot of consumers may not fully comprehend what determines their insurance rates, I'd like to offer a concise explanation of the factors that come into play: Insurance companies are profit-driven businesses that p...

I'm going over my options to cash out on two properties. I spoke with a few local lenders today and was a bit surprised at the cost to refinance. I would love other people's opinion on the current going rates. The len...

I’m looking at purchasing my first turnkey rental property and I’m curious to hear from the community. If you’re buying from a private lender, what do you consider a profitable rent ratio to pay for the home?

Example...

Here's what we're being offered by the mortgage broker we work with. Is this worthwhile to do?
- Our current payment will go down from $1287 to $1154 - so about $134 in cash flow savings.
- no closing costs. Our brok...

Hi!  I'm looking for rental property coverage for a duplex in Oklahoma.  Would anyone have references of an insurance carrier who has competitive pricing and a great policy?  The quote I got today was for $3400 per ye...

Currently in contract on a SFH in La Porte, TX (Houston area) and trying to figure out the best insurance option.  One company is quoting me about $1,000/year without named storm coverage or $2,000/year with.  Named S...

I have a question for the seasoned owners out there.  I am buying my first larger complex of 36 units.  I am wondering what kind of polices you get on buildings like this.  The current owner is paying $11k per year in...

Hi BP Community.  I have a potentially good deal in Bridgeport, CT however the property (may) require flood insurance.  I say "may" because the description of the property lists a price for flood insurance (which I su...

Hi everyone,I'm in the finishing stages of buying my first rental property in Rock Island, IL. The property costs $100,000 and was built in 1930, and is being completely renovated (this is a turnkey investment). I'm i...

Hi BP community,

I was curious on others’ experience with the topic of escrow. Earlier this year, my monthly escrow payment on a $100k house increased $180 (27% increase), which cuts my cash flow a great deal. When I...