Ali Siddiquee
LLC as "additionally insured"; what's the risk?
I'm closing on my first LLC soon and while shopping for insurance, every agency I spoke to is willing to issue a policy in my name (single member LLC) with the LLC as additional insured. I see a lot of advice on these...
Charles Wainer
Multifamily 94 units with additional 17 conversion
Great midtown location in Tucson, Arizona; we acquired at a great discount, 94 units, 17 of which are 4-2, and will be converting to 2-1 and gain an additional 17 units totaling 111 units after reno, adding 1.4MM valu...
Shahil Keshav
Additional payments on your rental property mortgage
Hello All, Any strategies on how to approach making additional payments towards rental property mortgage? Monthly extra payments?Lump sum payments once a year?Start a high yield savings account, CD, money market and u...
Donna M.
Renters insurance unable to be additional insured
Underwriter says I can't be listed on renters policy as ADDITIONAL INSURED. Twice tried, both times was only given additional interest. Agent says she can't give me name or phone number of underwriter. Gave me Pro...
Dave Bopp
Is Additional Insured on Renter's Insurance Necessary?
A current tenant acquired a renter's insurance policy that listed him and his girlfriend on the policy as the insured individuals. He asked the insurance company to have the landlord added as an additional insured and...
Shanell Law
Using 203k for expansion and additional unit.
Hello,
Using my duplex, I’m thinking of adding 200 sqft (which includes a bathroom onto my detached rear unit making it a 2/2 unit. I also want to add an additional unit on top mirroring the floor plan below.
My du...
Asim G.
Buy and hold SFR with illegal additions
Hi,I am new to the Phoenix market and am exploring the purchase of buy and hold SFR. I keep coming across properties that have a higher sqft in the listing than what shows up on the county site and I can only assume t...
Ken Sanders
Possible illegal addition on as-is property
I'm about to make an offer on an as-is Fannie Mae property that I believe has an illegal addition. I rehab to resell, so I'm wondering if there are any consequences I could suffer from this deal. Will this create a pr...
Val J.
Should newly added Tenants Pay additional Deposits?
Happy New Year! I need help with something I'm about to do present to my current tenant. I have done my research and have learned that the tenant has unauthorized people living in the property. I plan to meet with ...
Matthew Masoud
Need additional Funds to Complete Multifamily Rehab
So I purchased a deal off market on a 20-unit multi-family property.
Rents were $500-$600/unit whereas I rent them out Mid-Term for around $2,000/unit (market long term $900)
I only had the funds to close + turn/fur...