Jonathan Sher
Mortgage Policy from title company?
Hello BP friends,
I am closing on a house next week and receiving private financing from a family member for the purchase. The title company is going to record the deed of trust, but are saying that their underwriter...
Tom McNutt
Shelter Insurance Issues?
As a bit of background, I have owned a duplex in Georgia that I use for short-term rentals for about two years. When I purchased it, I got several quotes from insurance companies and ultimately went with State Farm. T...
Samuel S.
LLC to personal name for refinance - insurance concerns
Hey BP folks,
So I recently refinanced a property out of a land contract, into a 30 yr bank note. I originally purchased the property in an LLC, and the insurance was also in the name of the LLC.
Due to the bank req...
Sam Sagor
Anybody have insight about clearing titles?
I have a house I'd very much like to purchase but there a complication : This house was foreclosed on. The proceedings went through as normal but the commissioner forgot to close escrow after the case was resolved. N...
Carol ODell
Renter with dog. Who is responsible
I’m definitely new with rental property. First the lease is up and I’m considering asking them to move. I allowed them to have 1 dog but through out the year they have added a second dog without my consent. The dog (b...
Ismael Ayala Jr.
House swap! Creative financing!!
Other homeowner wants to move into larger home, which I have. And I want to rent out their home to produce cash flow with low interest rate, which they have. They have a ton of equity >$100K, <3%, but older home...
William Johnson
Unused Insurance Claim Tax Consequence
A rental property suffered damage in a wind storm. An insurance claim was submitted and a settlement was made. Repairs were made with a portion of the money. There was no change in the value of the property.
How i...
Carlos Burgo
Newbee
I have a question guys I have a home that my friend owns, paid off needs some repairs, do I need a realestate agent to biy it and fix it, what how do I proceed to purchase.
Laura Ratcliff
Major concerns with property manager
My husband and I bought a rental property in San Antonio in June 2022. Because we live out of state, we decided to use a property management company to help us manage it. We own a couple rentals closer to home in Denv...
Andrew Lax
Trying to be creative
In the process of selling some of my less desirable properties and still working on creative financing ideas;
Do you think the following would be of interest to investors.
-ARV - 500k
-Purchase Price - 400k (need...