Hows it going BP? I'm currently under contract with my first owner occupied multifamily (house hack), and I'm really looking forward to starting off this REI career. Scheduled to close soon, but I'm still sh...
I am new to BP and real estate. A friend of mine who has not yet joined BP and is also new just completed construction on his first flip a couple of weeks ago. Last night he checked on the house and walked into a di...
I'm in contract for my first property and wanted to get a good grasp of what's needed for landlord insurance on rental properties.
Damage / Fire / Other Coverage?
Coverage for Tenants Property (or require renters i...
About two years ago my accountant mentioned "Captive Insurance" as a way to avoid paying a lot of taxes. When it seems too good to be true is usually is...blah,blah,blah, so I switched accounting firms (I had other re...
I want to start flipping houses but I’m curious about what I should in for insurance. Since I’ll only be owning these properties for a short time should I even get insurance? And if so what type and what does it go fo...
Hi, I have rental property that I moved to LLC. My insurance company cancelled the policy as they dont insure properties under LLC. There seem to be not lot of companies that does cover LLCs. My insurance agent fo...
I am looking into a duplex in a major city in Texas that is listed for ~$300k and has total gross income of $3,100/month (so it meets the 1% rule). Tenants pay their own utilities, except owner covers water. Plan is t...
Hello Everyone! Do you spend the extra money to buy a "vacant policy " on your rentals if it is vacant more than 30 days between tenants? Have you ever had a fire claim or theft claim or other insurance claim on you...
Can you please share your insurance coverage and quote for a property in Birmingham, AL. I am in the process of acquiring a $83K property and the insurance quote I received was $1000 per year. This is my first propert...
Hello all,I have a question about landlord insurance policies. My insurance company just told me that when my landlord policy renews it will not include water backup coverage because I had a claim earlier in the year ...