David Moon
Insurance for Flips
I've read a lot of the discussions about this topic, and still feel the need to know the following. Cut and Dry.Do I need ACV or RCV?Do I have coverage up to my loan amount or up to my ARV?Do I need builders risk AND ...
Todd Allen
Texas Windstorm on small house?
Do some investors go without Texas Windstorm Roof Insurance on a small, 1 story house (1100sq ft)?Is this a sound strategy? It's almost $1000/yr with 2% deductible ($4k) with $200k value. A new roof is about $7-8K.
Max Servais
Homeowners insurance for first-time multi-family investor
Hey all, working through closing on my first investment property, a 4-unit househack in central Wisconsin priced around $400k. Any recommended providers I should run quotes through for homeowners insurance? I have quo...
Justin Seng
Taxes and Insurance in Escrow or not?
Is it better to roll your taxes and insurance into your cash out refi loan or just pay them separately?
Michael Doll
Duplex: Overpay on mortgage
Hey everyone, I just bought my first duplex and was wondering if I decide to overpay on my monthly mortgage payment, to save on interest paid over time, am I able to expense any of the over payment made against the in...
Jordan Sutherland
Cash Value vs Replacement Insurance
hey everyone, I'm purchasing my first investment property. It is a 2000 sq ft duplex I'm purchasing for $70000. I just got a $75,000 actual cash value insurance quote and a replacement insurance quote. The ACV is almo...
Lamontis Gardner
Quad Analysis: Deal or No Deal
Considering house hacking a Quad with an FHA loan. The purchase price is $325k and rents from 3 tenants will be approx. 2500/month and will jump to about 3600 with all 4 units rented out. The water meter is not curren...
David Kirk
Deciding what should i do with my first investment property
Hey guys If you were me which would you choose:
Option #1 : 5bed/3bath condo
-Morgage payment $2917 monthly
- Hoa $620 monthly
Home warranty insurance $100 monthly
Total : 3637 monthly
-Condo bought at $66...
Larry Nielsen
LLC Tips for Real Estate Investors
Hello, looking for tips on LLC formation for real estate investors. Can I use a previously existing LLC? Would I need to re-write the operating agreement if it was not previously used for real estate? Should I start a...
Mary Jay
Schizophrenia vs a puppy
Hi guys,I need your advice:I have a small rental and having a hard time to decide who to pick:1) First tenant has schizophrenia but his sister always pays on time (the reason I know it is because he is renting a basem...