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My husband and I just made our first property purchase. We are buying in Alabama and live in California.We are going to postpone getting an LLC until we get a few more properties. Being out of state a lot of the insur...
I have been looking for a while for a smaller multi-family place, which are not extremely common on the market near me. I found a great deal on an 8 plex, the agent sent rent roll and some financials and it looks grea...
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I'm reading Dave Van Horn's articleMaybe You Shouldn’t Start an Entity. Consider 4 Alternative Asset Protection Strategies Instead.And it got me curious. Almost everyone suggest getting an umbrella policy since it's r...
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Have a tenant in place with a rottweiler (they put "mixed" on the application and my property manager never met the dog like I always did). Instead of forcing eviction due to the dog or not renewing lease when it ...
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Sellers appraisal: $121,000
County records appraisal: $93,000
Comps in the area: ~$100,000
Seller asking: $68,000
(Per seller): $0 for repairs
Current occupants monthly rent: $850
Mortgage for 30 yrs @ 7.5% - $673.0...
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I am fairly new to using Auction.com and although my last rental was bought of their it was somewhat of a fluke because I had originally submitted a cash offer the day it went to auction so my real estate agent I norm...
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I recently decided to buy my dream home. My wife and I have been saving for a while now for this. But we have come to a halt point where we are confused on which and how to select. There have been several companies av...
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Hi,
Please let me know how you protect yourself against the rent default and legal expenses that may occur with a rental.
Thank you.
Catherine
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Hello Biggerpockets community, I am looking at pulling the trigger to purchase a Duplex in Kansas City. I am still really confused about whether insurance is paid with the Mortgage or it's paid separately which affect...
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Greetings! Question: do I need to research title for a "bank owned" auction.com online auction? What due diligence do people suggest for occupied homes?
Thanks!