Angela Pipitone
1st Investment Property in Contract - Advice with Insurance
Hey all,I have my 1st property under contract, it will be a rental (it is currently vacant). I'm trying to make a decision between a landlord policy or an umbrella policy and I'm leaning towards landlord policy. My in...
Viral Patel
Re-inspection of Roof by Insurance
Hello,We opened claim to replace the roof because of wind/hail damages (we have the coverage). We got it inspected by 3 licensed roofer and everyone said that Insurance company should pay for replacement. When I opene...
Curtis Towers
House partially located in floodway
I am looking to purchase a house partially located in a floodway. Insurance on this would be about $45 a month. Would this be a bad idea?
Edward Badal
Finding/skip tracing absentee elderly owner
Hello BP community,
I wanted to get some advice in skip tracing the owner (or decision maker) of a property I've had my eye on for a bit. Some background on the property - it's a large 5/3 in a nice, quiet neighbo...
Karac Davis
Liability and insurance on first rental
Townhouse in my name. Mortgage with the bank is 2.75 percent in my personal name. 28 years left. Deed is in my name. Bank won’t let me change the mortgage to an llc, said I have to pay it off and refinance with a comm...
James Sinclair
Flooded property
The post on flood insurance reminded me of a deal I passed on last week. I was looking for a property to rehab and was contacted by a (investment realty firm) that markets property they find to investors. They ha...
Adam Vo
Risk of an umbrella policy vs LLC for a first time investor
Hello -
I am looking to buy my first rental property and am considering taking out an umbrella insurance policy in liu of an LLC.
This decision is purely about protecting my personal assets.
I am planning to finan...
Theresa Reynolds
Insurance for Rental in Montana....and forming and LLC or not?
I have a SFH house under contract and am looking for insurance on it. It will be vacant for a few months while improvements are being done and then it will be a rental property. Anyone from Montana have any recommenda...
Stephen Le
LLC for multi family
Hi all, I just purchased my first four units residential family. I got it with FHA loan so I’ll be staying in one unit. I believe The zip code is 63139 (dogtown area, Saint Louis city)Should I put the property under L...
Kevin Sapp
Tax on unused insurance settlement
Hi,Situation is a property that I own outright, had roof damage and received an insurance settlement. Because of the circumstances, sold the property, the settlement will not be used to repair the property. Some of t...