Robert E. Medlock II
How can you house hack a MF and still hold it under an LLC?
Hello BP community. I have been racking my brain for the past few weeks trying to understand how NOT to violate the "Due on Sale" clause.Here's the scenario: Jane wants to buy a 4-plex. However, as a new investor of m...
Raj Jian
Mix Use Property - Trenton, Newark, Englewood open to suggestion
Hello all,
I have been searching the forums to get a better idea of the areas but still lost. I live in central jersey and was looking to invest in Trenton, Newark, Englewood. I am open to suggestion of other areas. ...
Wayne Bolen
Redirecting funds away from 401k into RE investments
In the pursuit of financial freedom, I am considering redirecting my funds from my 401k into another vehicle that's liquid. This will give us immediate access to the money for purchasing/rehabbing properties. I'm not ...
Alecia Loveless
Help Binding Insurance Policy
I am 6 days from closing on a new SFR and am having trouble getting insurance on it. This property requires renovations, and due to the location I am estimating I will need 60 days to finish the project. Contractors a...
Mark Ham
Property Management liability insurance
So I have been asked to put the PM as a co-insurer on my policy, but when I ask whether they have any liability insurance, I didnt get a clear answer. Is this a red flag? When will a situation when there is a lawsui...
Toan Le
Need help on my first Multi-family deal
Hi everybody!I am now working on the Multi-family deal .This is my first deal on this category .It's a 9 flex -3 bed-1 bath in Midwest region .The asking price is $545,000. The rent is $620 /unit .The seller is ready...
Wynn Meyer
Struggling to find vacant reno policy
Hi all,I recently purchased a 1916 farmhouse in western Maine in need of major repairs. Currently there is no heat or plumbing systems in place and the original field stone foundation is failing. I have not had any l...
Gre Clifton
HOI and plumbing coverage
HI! I am trying to understand what exactly gets covered with plumbing on regular HOI. Is there any insurance that covers plumbing that is inside the crawl space below the home if the inside of the home is not affected...
Balarka Velidi
Comps for renting property for home daycare business
Hi, I’m trying to rent my house and was approached by a prospective tenant who wants to live in the house and also want to run a in-home day care in it.
I am not sure how to price the rent for tenants who wants to ru...
Jim Truman
Insurance tips, coverage amounts
Good morning,
My wife and I recently closed on our first out of state property, a townhouse in Bedford. I'm looking for recommendations on insurance. Also some advice on reasonable coverage amounts.
For now I just w...