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Vacation Rental Property Insurance
I just got an insurance quote of $2400/year on my property that I will be using for Short Term Vacation Rental. I am in California. Does this sound like a fair price? My regular home insurance policy on this property...
Bart Tilly
Experience With Construction Agreements?
I'm closing on a 74k sq ft (5 warehouses) Class B Industrial facility this week. This is the largest Adaptive Reuse project that I've taken on. Each of the 5 warehouses on this campus will require updates (construct...
Kai Van Leuven
How to Add Value, 12 Unit Complex. Any Ideas?
I own an apartment complex that has been a huge value add project so far. I have finished off the front five 3-bedroom apartments (started with studs) and completed a cosmetic remodel of the back 5 Apartments. I have ...
Jason Krasavage
Chicago Low Rent Schedule = FHA Self Sufficiency FAIL
Trying to close on our first 4 unit this week. Everything has gone relatively perfectly until now. We got the appraisal back Monday, and although it was at the exact valuation we wanted, and didn't require any changes...
Edgar Cifuentes
The Effects of Harvey
Hello all, I just wanted to get some insight on our current situation here in Houston and our surrounding areas. As investors I think we all understand the market is going to be full of flooded houses and a demand for...
Cody Cavenaugh
3.5% FHA vs Conventional 5%
What are the pros and cons of the FHA 3.5% loan versus the conventional 5% loan? I have good credit, and ideally want the lowest payment per month possible. Planning on doing a 30 year
Jason A.
Homeowners Insurance on a House Hack
Hello everyone,I am well into escrow with a 4plex house hack (primary residence) that I am doing. I got two quotes for homeowners insurance. One quote is nearly double the amount than the other quote. I asked the brok...
Chris Presnell
New construction insurance & workmen's compensation?
Hi,After spending some time accumulating rental properties and participating in a successful flip, a partner and I have set out to build a spec home. We have formed the LLC and have all the financing arranged. Our q...
Victor Hong
Insurance cancellation on apartment complex
What if no other insurer will provide a new policy, but my lender requires full ongoing coverage, and would treat a naked situation as a default, meaning immediate loan repayment or foreclosure?
An upcoming refinan...
Sol G.
Do you require renter's/liability insurance?
Hi,
I'd like to know how the landlords here on BP go about renter's insurance.
Do you require it? if yes, how much coverage do you require?