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Context: 3200 sq. ft. home on a 1.25 acre mostly wooded lot in a rural area that is a short (30-45 minute) drive to a major metro area.From what I have seen, to clear an acre, put in a pond, and stock it with fish cou...
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Closing on a property in Wilmington DE soon. Purchase price 45000 and rehab is 50000. My closing costs are 26000. This seems really high to meXCan this amount increase after closing? $81,304.75 NO NO NO12% $836.31Does...
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I am rehabbing a house that should appraise in the $140-145K range after renovations. The underwriter for our homeowner's insurance is requiring renters to have a renters insurance policy for no less than $300k in lia...
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Hi, I wanted to thank you everyone for helping me find a realtor in the Orlando area. Here's my next ask. Who would you go with to get homeowner's insurance on a rental property? Also, do you have any recommended prop...
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My rentals are all 30-120 days, averaging 3 months, typically travelling nurses or other professionals. I've been doing mid-term rentals for 5 years now and always paid an expensive short term rental insurance policy ...
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Hi all, recently several of my mortgages were purchased by Freedom Mortgage. I realized today that somehow the payment amount on at least one of them was increased by about $50, creating a late payment fee. I'm in the...
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Hello BiggerPockets Community,
I'm a new landlord and want to ensure that I have the right insurance coverage for my rental property. I've read about the importance of landlord insurance in protecting against potenti...
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Hello All! I am buying a multifamily in Brooklyn and wanted to know how much more home owners insurance costs if I purchase the property under an LLC as opposed to under my own name. I've already received some quote...
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Hi everyone! Newbie here, looking to invest in my first flip. If I take out a hard money loan, let's say for 6 months, how are property taxes and homeowners insurance managed? Ideally, you'd like to pay only for the m...
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Hello,Thanks to the great inspiration provided by the BP community, I am closing on my first rental property in CT in a few weeks. It's a townhouse and I am working on a getting a mortgage. The question is around the ...