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Hi BP Community!I am currently shopping for insurance's quote and I am confused with what they have to offer. The property (duplex) is located in Detroit, MI. The size is around 2,000sqft and was built in 1928. They j...
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I have several students interested to rent. Their questions are:1" In regards to prohibited flammable materials, propane grill is ok ? What about household chemicals which are considered toxic or flammable , will thes...
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Dear Indianapolis Bigger Pockets Members,I recently relocated from Southern California to Indianapolis to focus on real estate investment and we are scheduled to close on our first duplex next week, and we are looking...
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I'm currently planning to purchase a commercial multifamily building in Chicago with the proceeds of a 1031 exchange. I am looking in the 750k-1.1m range with between 6-10 units. I haven't sold yet, I've been analyzin...
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Just rented out my primary residence and researching insurance coverage. Here is what I have learnt. Please do comment if wrong:
If you are not residing in a unit then a homeowner’s insurance will not cover anything....
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A friend of mine sold a property in Memphis a few months back offering seller financing. The buyer never placed him on the insurance policy as "mortgagee". He has tried to get the buyer to do so, to no avail. All s...
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I'm a landlord for a Davenport property, and I've been served a complaint for an injury claim by a neighbor who claims that a dog owned by my property's renter bit and injured her back in April 2022. The defendant's ...
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Just received a call from my insurance broker that my current insurance company is no longer covering hurricane insurance. They recommended another insurance company who is charging 3x my current rate... you know it'...
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Hi BP. I am under contract on a duplex with my fiancé in the greater Philadelphia area. We are moving into one unit and inheriting a tenant in the second unit. The tenant has a sublet agreement with the current owner ...