Alberto Leonard
Using equity to fully purchase rental property
Complete newbie here.. I have a good understanding of how a HELOC and HEL works, however, I have no clue what are the steps to take once the funds are secured. With a conventional loan the lender takes charge of doi...
Ben Kurt
Investor from LA
I recently moved to LA because of my job, I flipped a condo in another state now looking to do here in LA. though first I want to buy for my self. I have a question, when buying at the court house whose name should I ...
Account Closed
Does insurance go up much if you're renting to unrelated people?
I heard this may be an issue. Renting each room to unrelated people might make your insurance provider more uneasy causing rates to rise.
Patrick Britton
Need to reduce closing costs (Chicago purchase)
I have bought a few rentals in the Chicago area and am put off by the considerable closing costs, especially from the title company. I'm looking at something right now and the down payment is $18,000 (20% down) and t...
Wesley Mullen
Moving Existing Rentals to LLC
Hi everyone, I've been MIA from BP for a while, but need help/advice on the steps to move our existing rentals to an LLC. Can someone provide a step by step process that we can follow (or point me to an existing outli...
Kody Kilshaw
Someone else received my rental check and cashed it...
Long story short the post office closed my PO Box without my knowledge and gave ownership to someone else. They assured me any mail associated with my old PO Box number was removed and in a bin needing to be sorted. ...
Rob Gribben
Homeserve - Sewer backup - insurance
I own two properties in Baltimore city. I keep getting letters from Homeserve trying to get me to purchase sewer line backup insurance. The city has contracted with Homeserve to provide insurance against sewer line ...
Jacob Eddy
Creating LLC - How to Structure Loans, Insurance, & Bank Accounts
We have a Quadplex and a SFH as rentals and looking to create separate LLCs for both. We are looking to Cash-Out REFI both properties over the next few months and currently looking at interest rates in the mid 3s if ...
Farah A.
Owner Vs Lender Title Insurance Scenario
Hi all, I am in the process of getting a mortgage loan and I have a question about Title insurance. In the executed contract the seller agreed to buy the Owner’s title insurance. The title company released that it wo...
Maxwell Lee
Title Commitment Fee Estimate
Greetings! I am in the process of completing my first purchase in Chicago and was wondering if these numbers look fairly standard for title co fees. This doesn't include all the loan fees that will be coming later. Th...