JR Woolf
Insurance issues with STVR
Has anyone ever had a problem getting a STVR insurance policy due to the fact that the property had a working fireplace? StateFarm said they could not underwrite a policy as a vacation rental if there was a working f...
Amy Gerardini
PA Estate in foreclosure for 55k, needs light rehab, mkt value 200k, need 75k asap
I need this quickly. There was a Medicaid lien that was placed on the property but finally got it removed. By that time the mortgage company swooped in. As administrator, I can purchase the property, fix and flip. It ...
Blair Nye
Wrong end of the foreclosure process! Looking for advice.
I'm an out of state investor living in Tacoma, WA. I own a property in Fayetteville, NC that I bought in January of 2021 and have never missed a payment on. When my PM visited the property this morning they found fore...
Jeff Penovich
Has Anyone Noticed a Surge in HOI?
Recently we've seen a dramatic increase in our rentals HOI premiums. We're wondering if anyone else has noticed a similar increase. For example one property went from $829 to $1575 (one roof claim were the roof was re...
Dawn Hall
Getting insurance in LLC name
I am going to buy a property with a SDIRA. Will need to insure it. The IRA is in an LLC. Since I cannot have anything in my own name, the insurance would be written to the name of the LLC. Are there any special co...
Jacqui Dolan
Police report for insurance
My investment property was left trashed upon exit of the tenant at the end of March. I have a property manager. An insurance claim was filed and the field adjuster visited the property in late April. Nothing has progr...
Eric Black
Help me understand how insurance works in a subject-to deal
We have been exploring purchasing a contract for a subject-to deal but haven't been able to understand one issue.
A few of the properties we have looked at the mortgage payment was PITI, which we understand.
...
Julie Verardi
When to form an LLC?
Hi, I currently have two properties in Jersey City that I rent out and am working on getting my third. When would be a good time to start an LLC and switch the other two properties over? I currently have umbrella insu...
Ray Detwiler
Transfer of home to LLC and future vulnerability/liability
I've tried researching this a bit but haven't quite been satisfied with what I have found, so I apologize in advance if this has been answered and I just missed it or didn't understand it correctly.
Few questions -...
Bruce Froman
LLC sales gimmick?? Thoughts...
I just listened in on REIClub's Al Aiello's "LLC Master Machine Asset Protection" System webinar, He has set up a 121 page LLC contract to keep members 100% private and protected from basically everything and everyone...