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Ok so I grasp how whole life works.
But in order to use it correctly should I have a lump some ready to put in on first payment.
Example 50k policy 4% return 2k first payment required monthly after that is $35
So...
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I'm starting a rehab project with a new JV partner and was curious as to what the consensus is in taking a life insurance policy out on the JV partner to insure my interest in the deal since this particular propert...
Hello,I recently changed my home insurance, it was getting very expensive this year and I chose $100,000 in liability insurance for my triplex when electing. Should I get Umbrella insurance on top of it? How much doe...
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Intentionally triggering headline for this community, I know.
But, hear me out.
The policies that are so obviously destructive in many blue states (rent control, NIMBYsm for zoning, high taxes, regulations, fees) ...
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Should I get renovation or vacancy insurance for a house flip? I am not 100% sure I will flip it, I may end up renting it. Which is usually cheaper and what is necessary? Thanks!
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Has anyone considered getting two or more umbrella policies from different carriers to get around the rental property limit? If the policies specifically include/exclude properties, why couldn't you just get two or m...
My 9 unit MF is about two weeks from being ready to rent. I have run into a bit of a snag concerning insurance. My agent says that I can't put my landlord policy in place on the 5 unit building until I have at least...
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Hi BP members
I have studying and asking questions regarding starting my LLC or getting a GL policy on my rental properties. Well, I asked my mortgage companies and they tell me if I did the LLC it would convert the ...
Hello,
I am a long time reader, first time poster. I've renovated a few houses in Washington DC for investment purposes. On my last project, I started searching for insurance for the renovation/selling time...
My wife a I are buying our first rental property and I am trying to figure out how to file our taxes. We will transfer the property to an llc. We live an the property is in co which is a marital property state and the...