Ken Latchers
Liability idea - Property in my name, but managed by my LLC??
I am buying a multifamily in a state with high (franchise, etc.) taxes when entity owned but not individually owned. So I will put this one in my name rather than an LLC. And getting strong insurance. But there is ...
Travis Elliott
HELP WITH A CONTRACT ON A FISBO
Hi I am buying home on a contract. I need to get down to the title company soon but before I do I have to find a decent contract format. I have a purchase agreement already so I am covered there. Do you guys know o...
Patrick Kwan
Referrals to Rental Insurance Companies
Hi BP,I am 23 years old and new to real estate investing from Toronto, ON. I am looking to do my first deal in London, ON, but want to understand the potential costs of Insurance for rental properties, from what I und...
Blake Burnett
Newbie question... Insurance on owner occupied multifamily
What type of insurance is required on a multifamily property? (2-4 units) is it any different if you occupy one of the units? Also, what do insurance companies look at to determine your rate? Are there any factors in...
Justin C.
Seeking advice on how to think about weather risk in MHPs
How would you think about the risks of buying a park in a tornado prone area? What about a 100 year or 500 year flood zone near a river? What does the worst case scenario look like for the park owner and how do you q...
Sam Zawatsky
Property insurance and roofing
I've got a property that I recently purchased with cash at tax deed auction. I have not yet set up property insurance, and there is a tenant living in it. When I called an insurance company while looking for a quote, ...
Julia Ferris
Can I get Commercial Insurance on a Second Home Loan?
Hello,
I am getting a second home mortgage with 10% down that I will be Short Term Renting when I am not there. I want to purchase a commercial homeowners insurance policy, and have a quote. Will this be allowed by m...
Jimmy Vance
Keeping Properties in Separate Trusts
I know an investor who has 12 properties and each property is in a separate revocable trust. His primary home is also in it's own revocable trust.I don't believe he has any asset in his own name, everything in separat...
Corbett Brasington
Flipping: Insurances needed and recommended?
So when you buy a home you have to have homeowners insurance normally. If its in a flood zone you also have to have flood insurance. When flipping or in any business you want general liability, but are there any othe...
Jordan Becker
Property Manager as "Additional Insured"?
Is it reasonable for a property manager to insist in their contract on being added as an "additional insured" on a landlord's property insurance policy? This relates to small multifamily investing.