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I purchased a 3/2/2, 1366 sqft rental home built in 1986 (roof 8-10 years, no pool, smoke alarm, etc) in May 2023. At the time, I was able to work with an insurance agent to get a specialized policy for vacant homes (...
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Hi Bigger Pockets investors-. I've been looking into getting umbrella insurance for some time now for extra protection as I have multiple renters living both in my primary home and rental property. I'm running into a...
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i own 4 properties, hopefully 5 properties by the end of the month. only 3 are being rented. the 4th and 5th will be rented soon but the costs below are for 3 properties.i am paying close to 63 per property per month...
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On October 1, 2021 the National Flood Insurance Program (NFIP) is changing things up. Since their inception 50 years ago they have been the only option for properties flood insurance. That's not true today with our gr...
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Hi Guys,Wondering if you can help me answer a question regarding my recent purchase of a tenant occupied four-plex. The previous owner gave me a copy of his insurance policy and his premium ran about $1300/yr. I conta...
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I just finished reading The Debt Millionaire by George Antone. Decent book (although I would recommend The Value of Debt in Building Wealth by Thomas J. Anderson over this one - somewhat similar concepts). The autho...
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I recently received notification from Citizens that they would not be renewing my policy on a townhome I own. According to their letter the roof "has less than 3 years of remaining useful life, and no documentation su...
Hello,I need to cancel my old insurance policy as they kept on increasing the premium indiscriminately but the insurance agent is insisting on giving them a copy of new policy's declaration page before they can cance...
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Hi all!Well I have an agreement of sale for my first property! I am working through financing, etc. It's zoned something called "AO" which is "Apartment/Office". Seems I am needing a commercial mortgage for this. ...
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Hi all and as usual, very comforting to have BP to share & ask questions in. So below is the quick and dirty overview of my situation:- claim #1: submitted earlier this year for substantial water damage in LA ren...