Johann Kleisch
Insurance... Actual Cash Value or Replacment Cost
What type of insurance coverage are other using for their rentals (Actual Cash Value or Replacment Cost) and why?Best of Success!
Account Closed
Buying a auction property without interior access
Hi fellow BPians,
I am looking for my first investment property. I see a property in auction.com with the initial auction price of 25000 but reserve is much higher and close to or more than 70% of ARV.
The property ...
Josh Lansberry
Time to get started
Hello all! Long time listener first time caller. I have been stuck in the analysis paralysis long enough. I am ready to talk to mortgage lenders and anyone who can help guide me on a financial plan to rebuild my credi...
Jordan B.
How much do you pay for Landlord Insurance?
Hello,I just received a Landlord Insurance quote from Liberty Mutual for $2,707. Does this seem high?Background: 2-Family Built in 1896Located in Cincinnati OhioUpdated Plumbing and ElectricalI will not be owner-occup...
Albert D.
Turn apt land into Parking Lot business, anyone?
Dear BP community,I welcome your constructive comments and suggestions to my crazy idea above.Here is the background. My apt complex was burned down in a wildfire last year. I've been trying to rebuild it since Jan ...
James Free
How do we figure out insurance limits?
I'm interested in starting a discussion on easy ways to figure out appropriate amounts of dwelling and liability coverage to purchase for a rental property in a given area. I don't see a lot in terms of resources for ...
Deneen Laprade
Newbie seeking feedback
Hi All - I am looking for perspectives on my options that might help me decide my next steps. Here's the story:I own 1/2 of a duplex that is my family's home, where I raised my boys for the past 20 years. The plan is ...
Ryan Monty
Illegal vs. non-conforming unit: differences in uses & Airbnb?
This is a few related questions in one:First, I want to check if my understanding on the differences here is correct?Illegal unit = you can't rent this unit. I mean, you *can* rent it, but if the City is ever alerted...
Marek Los
NJ Land dispute after many years
Hi everyone!So this issue is pertaining to my parents house, which they've owned now for over 20 years. Recently my dad got into a bit of an argument with a nonprofit organization about the tail end of our driveyway,...
Tim Kaminski
Hold Old Homes in Florida?
I have a few old properties (around 100 yrs old) in Tampa/St Pete that I am considering selling. Initially wanted to hold forever but with insurance costs rising/property taxes going up/threats of Hurricanes destroyi...