Jay Koch
Owner Financing: Three Ways to Structure a Wrapped Contract
When a seller carries a note on a property, and there is an existing mortgage the parties have entered into a transaction referred to as "wrapping" the existing mortgage. The buyer agrees to pay the seller in monthly ...
William Chen
Home Insurance Claim Settlement for Water Damage Questions
A month ago in October, my quadplex in Atlanta, GA experienced some water flooding issues during tenant move out with significant damage to two units and minor damage to the third unit.The property manager was unable ...
Neil G.
Converting to STR - LLC & Insurance (Mortgage Implications)
I purchased my first property under my personal name and secured a mortgage as a "second home", but the plan was really to rent it out as a STR. My mortgage broker told me to simply get the "second home" insurance pol...
Chris Seveney
Rescission of Satisfaction
When you are in the note space, you can never see everything. This is an excellent example if why Title Insurance is important on an asset. I am doing due diligence on an asset that has a six figure price tag to it. T...
Justin Kushner
Title Insurance Needed?
I am going to deed two properties out of my name into an LLC, that is owned by my Holding Company LLC (Wyoming). I have been told by the underwriters at the Title Company that my title insurance will not carry forward...
Paul Stout
Mobile Home Park Dog Rules
How do you handle dogs? If you buy a park and the tenants have "dangerous breeds" how do you handle that? Do you have them sign an indemnification agreement or get rid of the dog. What about mixes that are clearly ...
Tarik N.
Rent income protection
Hello,
I was thinking about using a company (Nationwide Rentsure) that provides rent income protection during eviction proceedings. They handle evictions, pay the rent for the duration of the eviction and pay up to a...
Johnny Quilenderino
One of the most profitable house hacks I seen ...
One of my first contracts as an actual agent. She was a nurse over at INVOA Fairfax looking for something that was 3 bed 2.5 baths with a basement, she was going to house hack. This young lady had a vision and all I h...
Account Closed
First Multifamily Investment - 9 Unit
Hello,I am currently under contract on a 9 unit apartment building in Green Lake, WI that includes a single family home that is a rental in addition to an 8 unit apartment complex.The tenant in the single family home ...
Jennie Carolan
[Calc Review] Help me analyze this deal in Tampa!
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