Colby Zeller
MIP or Mortgage Insurance Premium included with FHA and 203k Loan
Im making this post to see if I can obtain more detail from all my BP experts on MIP when financing with a FHA loan. Ive read up on it a little and it seems FHA and 203k loans require this premium that requires you to...
Catherine Zhang
Owner Occupied SFH with an Attched In-Law Unit, what insurance?
Hi everybody,We recently bought an single family residence in California. The property has 4B3B, including a 3B2B primary house and an attched 1B1B in law unit. We currently occupy 2 rooms in the primary house, rent o...
Juan Alvarez
Homeowners insurance policy
What type of home owners insurance do you guys get when house hacking a duplex? The traditional HO3?
Account Closed
Do we really get tax benefit for rental property?
Lets assume a Scenario: A new investor who invests $150K on a first rental property. No other retal or home mortgages.
IRS: US govt already allows a "Standard Deduction" of S24,400 (Married joint filing). The other o...
Curt Bixel
Is this clause typical, or should I be concerned?
I am considering putting a duplex under management by a short term rental company. The contract they sent me contains the following clause:b) Indemnify, defend, and hold harmless the Agent, and all persons in the Age...
Dustin Summers
Private Lender (Down Payment) + Portfolio Lender Financing
Hey Team
The short version:
Who do I talk to about a deal where I have a private lender providing the downpayment and a standard portfolio lender providing the rest? Do I need to tell the portfolio lender that so...
John D.
Do investors use special insurance inspectors prior to closing?
Hi everyone!
I have a question about insurance inspectors.
We recently had a case where we purchased a new SFR property and we had a clear CO from the local authority. We conducted a home inspection as part of our ...
Randal Shaffer
Renter's vs. Rental Property Insurance
Hey guys,Newbie Rental investor here. I am prepping my first property for rent and I have a couple of questions that I'd like some opinions on.1) I set up rental property insurance, but I disagree with the amount the ...
Samuel Boyd
Short Term Rental Insurance for FL
Hi everyone. I have a property that I am trying to convert from a long term rental to a short term rental in Palm Bay, FL (property #2). The property is owned outright and does not currently have insurance at all. I g...
Kelly G.
1st time landlord - need help with PM contract language
Greetings;
I am looking for a PM in Milwaukee, WI for my SFH. Am a bit uncomfortable with the language I'm reading in various contracts. Is it typical for the property owner to include the PM as 'insured' on my lia...