Elena S.
Triplex Meets 1% Rule - Can't Make it Cash Flow
Hello everyone,
I am a new investor in California and I am looking to acquire rental properties for cash flow. My Realtor sent me this deal, which in theory should cash flow because it meets the 1% rule. It's a tripl...
Collin Hays
Can we get a refund due to COVID next week?
Dear Sir. "Our governor Cuomo has forbid us to travel to TN next week due to COVID. Can we get a refund?"
Answer: "Not only no, but hell no. Number one, my homeowners are not going to be held financially liable f...
Thuy Pham-Satrappe
What type of insurance do you carry for your rentals?
Do you carry a Homeowner's Policy, a Landlord Policy, Fire Insurance, or another type of insurance for your rentals? I've heard so many different options I'm not really sure what to ask to be quoted. Also- do you get...
Sean Gover
STR -Looking for Vacation Rental Insurance and Damage Protection
I have several Short Term Rentals and am looking to offer my guests Vacation Rental Insurance and Damage Protection. Does anyone have experience offering this type of insurance and can you point in towards company I...
Shonda Rountree
What is an umbrella policy
I have 5 rental properties in my name. A FB friend mentioned that she has an umbrella policy on properties. Her explanation was vague, so I'm here to ask...What is an umbrella policy, does it replace the current insur...
Tom J.
Not using a realtor for simple all cash deals
Hey Everyone. What do you think about buying real estate without using a real estate agent? Especially for simple properties, I don’t think this is all that complex. The trick is you need to get in to see the proper...
Jason Foxx
Creative Multifamily Strategies for Other Income
What are some creative ways to get Additional Other Income from a high end multi family building? I may be running an 80+ unit in the near future.Laundry is included in each unit. Ways that we already implement are st...
Ethan Bruland
Insurance Claim
12 months, our furnace went out, pipes froze, and we racked up over 100k in damage. 12 months later we are still fighting with the insurance company on a settlement. They've managed to convince me to give up on furn...
Syl Rey
Conventional loan on a duplex that needs new roof is needed
Hi everyone, I currently have an offer accepted on a duplex. After a home inspection, I found that one of the roofs needs to be repaired in the next year or so. I’m told the bank won’t finance if the roof needs to be...
Lucien Pruszynski
Refinancing a rental in an LLC
Hello,
I've run into an issue for the first time in my career. My wife and I are 100% members of an LLC which owns a 3 unit rental property. We purchased the property 6 plus years ago with a loan that remained fixed ...