Mark Gibbs
Burnt out house, facing foreclosure-what would you do?
I don't know what forum would be best for this but I am hoping I can get some suggestions here.I have found a parcel with a home that has substantial fire damage. Owner owes somewhere around $115K on the home. Insuran...
Lisa Dawson
Loaning an LLC Money
We are in the process of buying a four-plex and have set-up and LLC to purchase the property. My wife and I are going in with another couple and are going to be equal partners. This is not our first property, however...
Becky Orth
Insure during redemption period?
I acquired a property at a sheriff's sale, but the owner has a history of coming up with the money or selling her redemption rights during the redemption period. Do I need to get title insurance and property insurance...
Sandeep Majumder
Fire Damage / Probate / Foreclosure Property in Houston
Hi everyone, I have direct contact with a seller in a unique situation and I was hoping for some guidance. Her father's property took on heavy fire damage early last year, and before he could go through the process wi...
Andrew Graham
Multifamily Fire While Deployed
I'm currently deployed overseas and just learned that my 5-Plex caught fire. I'm not sure how badly it was damaged, but based on the pictures I was sent I know I won't be able to rent any of the apartments out for qu...
Naveen Desai
Insurance claim and received funds and not spent. is it taxed?
Hi, In 2017, I had to make an insurance claim for roof damage and received funds. I am still exploring contractors to help me with roof fixes. So effectively, I did not spend the amount received from Insurance. W...
Ashley C.
Protecting my private lenders
Hi everyone and thanks in advance. Please advise you best to protect my private lenders in case I die or become incapacitated and can't run my business? One post suggested adding the PL to my personal life insurance a...
Peter Goeller
Getting my lease written up using BP's lease
Hello BP Im a new landlord here in Massachusetts, and im getting my lease together using the lease that comes with the pro membership ( I just upgraded and I love it. highly recomended) there is one section 19 B that ...
Minna Reid
Short sale deficiency judgements
From what I hear these are becoming more popular, as are loads of collection agencies willing to buy them and pursue for the money. Are you seeing this happen?
If so, then whats really the advantage of the short sale...
PAul Kazak
Insurance Claim and working with a General Contractor
We have suffered a substantial fire at one of our rentals, and the insurance company has written us a check for the damages and lost rent, and we are now in the process of selecting a General Contractor for the repair...