Russell Frye
Insurance on a flip?
I just bought my first flip house and was wondering what type of insurance if any I should buy. I am a newley minted general contractor in eastern Washington and I'm insured and bonded but I'm not sure if property own...
Lee Gierszewski
Should I use my LLC or my own name for loans on rentals?
I have 3 rentals under my business name right now, One of them is on a 20 year fixed rate loan at 4.325%. The other two are on a 20 year at 4.5% but balance is due in five years. If I switch these two loans I can get ...
Joe Mata
New Investors-close in their LLC or Trust
Hello I'm a lender and I'm helping 2 brothers finance the purchase of their 1st 2 investment properties. They're buying 2 Townhomes together. They both own their own primary home and are looking to venture into real e...
Arif Ahmed
First out of state investment property Oklahoma
Hey BP family. I have been lurking for years and decided to share and hopefully be lucky enough to get some advice . I purchased my first investment property in nyc queens in 2018 legal 2 fam 765000 with a conventiona...
Jay Elvin
Oil Heat in potential investment property
Hi everyone, I'm looking to buy my 3rd rental. The 2 unit property I'm interested has oil heat. I haven't experienced this in my other two rentals or my primary home. Any own rentals with oil heat? Deal breaker? N...
Evan McCourt
BRRR cash out refi with LLC
So i am looking for some suggestions on a property that i am debating on whether to keep as a rental or sell to build liquid. My wife and I purchased a duplex for 96k in NJ with each unit having 2 bedrooms and 1 bath....
Pearl Ngo
RENT- PREP packages for tenant screening
Hello .I am a newbie!!!....I am using Rentprep to screen tenants . Which package should I buy? I am looking at $18.95 and add on Criminal/ sex offence ( $4) . Should I also buy Credit decision report for $9.95? ( ap...
David W.
Cash rent deposit at bank
We have three tenants that pay each month with cash. Prior to 2/1/18 Bank of America accepted a cash deposit directly into our property account. Now the bank will not accept cash unless the person depositing is list...
Account Closed
Don't make this stupid mistake
I am set to close on my house on Friday. My realtor emails me a copy of the closing statement and a forward from the title company saying the selling bank wants the money wired to an escrow account a couple days ear...
Jonathan Z.
Insurance during Construction
Hey amazing BP members!We have a quick question regarding insurance for properties that we are in the process of rehabbing. The quotes we are currently getting are quarterly but generally more than the amount for ins...