I purchased a property that is all one lot, but has a house and an automotive shop on it. The house is zoned residential and the shop is grandfathered as commercial. I have insurance separately on both. I have leased ...
I currently own a duplex on an FHA loan at 3.5% down that I am planning on using the BRRRR method on. From my understanding in order to refinance out of the house I have to have the house repaired/updated to the point...
Hello all,I am purchasing a duplex in Minnesota for $90k and the appraisal value is $100k. I'm working on getting insurance but the companies I've called want to insure it for the replacement cost of $340k. I really...
Hello!This year the value of our rental property is higher than last year so we are wondering should we keep coverage of the property to amount of the mortgage or the value of the house (value of the house is higher)?...
I've got a question about insurance for a low cost property. I'm looking at a $30K single family house, it's in a C- neighborhood. The replacement cost is $125k. In the event something happened and it was a total loss...
Hey all-
Currently have my first deal under contract. It was taxed at $65,000, but purchased for $25,000. It is currently tenant occupied, and will be until June 2014.
I spoke with some insurance guys t...
After months of listening to BP podcast, reading books, and learning the basics I bought my first investment property long distance. Build a solid team of Realtor, Property Manager, Wholesaler, & General Contrac...
Hello -
Obviously I can imagine it'd be pretty tough to accurately estimate the cost of knocking down an existing home to put up a new one, but I was hoping someone could ball park an estimate for me.
E...
I apologize if this gets a little long but it is a little complicated. I purchased a property 2 months ago. I financed it with a local bank at a great rate. It has 4 houses on the property, really three houses and ...
Hello Everyone,I will be closing on my first MF investment property in about two weeks. One of the things left is to pick out homeowner's insurance. I've been shopping around and have gotten different quotes for Rep...