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Hi all,Im looking for any insight on insurance in a sub to / seller finance deal.1. For sub to: Since I would be taking over title to the property, but the mortgage is still in the sellers name, how does the insurance...
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This is a follow-up to my recent post about IRA audit myths. In this long sequel, I will discuss hiring audit and "IRS audit insurance."
1. DIY IRS audits.
Can you defend yourself against an IRS audit without hired ...
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I have been able to acquire a few properties to start my real estate investing business and currently have two of them that are rented and in an LLC. We have been following the operating agreement regarding financials...
Hey there BP Legal Community. I recently closed on a SFH, am under contract on two others, and am looking forward to buying 3 more before year's end. Aside from adequate Landlord/Liability/Umbrella Insurance, I am als...
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I have a SFR I'll be operating as a STR in Pensacola, FL. The only carriers I've been able to find to give me a policy on this are Monarch and Tower Hill.I don't know anything about either, and I'm just curious if th...
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What's the difference between a personal policy and a commercial policy for a landlord?I was getting a quote for umbrella from RLI and they won't cover properties that are under a commercial policy:Excludes residentia...
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This question is courtesy of an investor friend. He just found out that his insurance company will not insure the 3/2 house he bought in Fort Lauderdale, Florida, because the mother in law unit is illegal. The previou...
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I've been reading these forums for several months and would like to thank the members for sharing their expertise. I have learned a great deal about real-estate investing and operating a rental.
The home I am...
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Has anyone used a Master Insurance Policy to cover multiple of their properties? Recently had Travelers drop one of my homes claiming trees near roof. The closest limb was over 15 feet away from roof so I suspect th...
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HI all, I'm shopping for a landlord insurance policy for a single family house with a new roof. I've gotten estimates from AllState, Stillwater, Travelers and Liberty Mutual. Annual premiums range from $1844-$3,052 wi...