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I was told by a friend about using hold open title policy for flips because it can save a lot of closing costs when flipping. Does anyone have any experience with these? Is it a good option for flipping a SFH?
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Hi All,My property manager needs me to put them as additional insured, but I quoted around, many carriers just don't allow that. One carrier allows additional named insured, but don't provide additional insured option...
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I'm interested in potentially purchasing a property at a sheriff sale- I'm trying to take care of due diligence and get an abbreviated title report (the full report is $500, but evidently a 'lot book' report, which in...
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What do you guys do going into a conventional loan? Do you obtain a mortgage and supplement it with en escrow account or do you pay property taxes and insurance yourself? Usually banks want to give you a bit better de...
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Hi, I had a former tenant do substantial damage to my commercial unit. I filed an insurance claim Thursday. My insurance agent has a preferred contractor who reached out to me this morning. I have not gotten a call fr...
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My wife and I had an offer accepted for a home in NE El Paso. We already flip land, and had been looking for a rental to help stabilize the income and build equity. We landed on Short Term Rentals as we visit the c...
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There's been a few houses come up lately around me that look pretty good for a rental and great price. Only problem is the siding is asbestos. 😱. Anyone got suggestions for these older homes with this stuff? Can vi...
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After a couple of years of research here on BP, I'm moving on my first investment property in NW Indiana. Its an occupied 2 unit in a residential neighborhood. I have a few questions on how to start my journey as a la...
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Hi there.
A tenant wants to re-paint the basement of the townhouse to the same neutral color, and use it as an office (I am assuming to meet clients). Is this allowed? Any recommendation for me as the landlord?
Chee...
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Hi All, my tenant is on his second year lease, pays on time and takes care of the property. He texts me when repairs are needed and I have the repairs made. The security deposit, $2625 is supposed to be put into a ban...