Henry Lazerow
Significant saving after switching to Allstate for 2-4 units in chicagoland
No, I don't work for Allstate haha but wanted to share that their pricing algorithms seem to be giving the lowest quotes on 2-4s in chicagoland area right now. One of my properties went down $1400 a year and another d...
Tyler D.
How do RCV and ACV insurance policies work in this situation?
I'm In the process of insuring my first property. I found a company that is willing to do ACV (Actual Cash Value) or RCV (Replacement Cost Value) insurance and will give me quotes based on a calculator where I can inp...
Cynthia Scaife
1031 Tax exchange
Hello BP,I have not done a 1031 Tax Exchange before though I have read about them and may have some info on them. But a client of mine sold his house and the buyer wants him to do a 1031 tax exchange amendment to the ...
Baltazar Nunez
Lender Fees and Financing, is this a good option?
A real estate agent, and I am trying to help my client decide whether he should finance or not. I have a a summary of financing fees and charges for this deal. These will be a $85,000 distressed property with a $102,0...
George Foster
General Contractors
As a general contractor here in the Chicago area. I want my fellow investors to remember when hiring a general contractor, included in the costs of completing your project he/she will charge overhead and profit. So fo...
Taylor Cartledge
Hard Money Closing Costs
I'm a relatively new investor, and earlier this year took out my first hard money loan on a flip. The closing costs for the loan ended up being almost $9,000 on a $70,000 loan. I'm wondering if this is typical of hard...
Account Closed
NREIG
Hi everyone,
Considering switching to National real estate insurance group. I like the ability to be able to have the policies in one place grouped together. I noticed a few threads on here complaining about reasonab...
Véronique Pelletier
What are your costs and why would you change brokers?
I would greatly appreciate your time in answering a quick 10 questions. I am a marketing student planning to go into real estate. What are the top 3 reasons a client contacts a real estate agent?Does the client ask i...
Randall E Collins
Who is the beneficiary and/or owner of an escrow account?
I have an odd question, hopefully some one knows the answer. Purchase and Sale agreement, buyer is to pay all closing cost. No title company, no attorney, no realtor. The buyer placed the earnest deposit into an overs...
Allen S.
Cost-segregation and 1031 CPA opinions?
Hello everyone...I just sat down with a potential CPA to discuss my taxes and potential real estate issues. She told me that she had plenty of experience with real estate and that many of her other clients have inves...