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Hi All,My husband and I have done a couple of "slow flips" in our personal names in order to take advantage of the capital gains exemption. We are now considering buying property in Louisiana (with a promissory loan n...
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My old insurance agent retired and sold his company to this new agent. I am told that my insurance coverage is lacking "Water Backup of Sewers or Drains" and this is the most frequently claimed items from Landlord Pro...
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I sense a perfect storm coming for mom and pop landlords in the area. I'm not really surprised that there is political movement around affordable housing in this area. It has been tough for lots of people in this a...
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I have a question for the seasoned owners out there. I am buying my first larger complex of 36 units. I am wondering what kind of polices you get on buildings like this. The current owner is paying $11k per year in...
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Any advice on Submetering water in Chicago?
Online search results point towards Guardian, can anyone recommend any other company to compare quotes and service?
Any help would be great.
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My business partner and I have been investing for 6 years and paid for our current properties via FHA loans, cash, and one cash out refinancing under an LLC. However, with the cost to borrow money from banks and CU be...
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Hello BP.
We've closed on a property in NY state using a traditional mortgage second home. We plan on using the property quite a bit ourselves for vacation/getaway purposes, but we want to know if we can also do some...
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i am looking to buy a 2 unit house, and i really like one of the properties but there is one thing that worries me, and that thing is a sump pump. The sump pump was installed in 2011 because the owners had the basemen...
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Hi everyone,My partner and I are looking to purchase property and potentially bring on a third money partner. To be more clear, this third partner would provide the down payment and get the loan in their name.From wha...
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I am wanting to open a custodial account for my son who just turned 1. I am planning to invest $1,000 into an account for him and allow it to grow until he is 18-21yr at which point he can gain control of the account....