Chivas Miho
Replacement Insurance Policy for Refinance
Hey BP! I’m right in the middle of my refinance of my first BRRRR property but I ran into an issue. My investment property is a 4-unit in Michigan that was appraised at $69,000 which was much lower than I had expect...
Elias Hubbard
How to find cheapest insurance
My insurance quotes have been huge on my second property (purely rental, first is owner occupied rental). Any idea how I can shop for a landlord policy while keeping quotes low? I'm flabbergasted at the idea of hav...
Priscilla Davenport
Should landlord pay tenant renters insurance?
Im told that tenant should be required to carry renters insurance but most cancel after a few payments Ive heard. Should you just increase the rent by the extra 20 dollars or so to new tenants monthly rent or resignin...
Jeremy Bohnett
Getting Conflicting Advice from Lenders
Hi all! I am looking to partner with someone in building an REI portfolio in Arkansas, and need some help on how to go about the lending process.We have posed the below questions to a few lenders, and have received co...
Mike Cartmell
Deal Analysis - Subject To on VA loan
Hi All,
I have come across a property that the seller will sell subject to the existing mortage. He owes approximately 140k and its worth around 150k. Not much equity but the existing financing makes it att...
Justin H.
Insurance Companies says won't insure properties more than 60 years old
I bought my first investment property a few months ago, a SFR. Starting to think about the next one now. I have all my personal lines of insurance (2 autos, 2 small term life policies, homeowners) and now my 1 SF...
Chris Blank
How to reduce property insurance premiums?
Hi fellow investors,I have multiple SFH investment properties in NC and it seems like every 6 months the insurance premiums keep creeping up. The property values in our town have seen a sharp rise in the last two year...
Melissa Bovee
Insurance Claim: to file or not?
Hello all. I’ve taken over management of a commercial shopping center (from my dad who passed away) over the last 2 years. Steep learning curve. This week we had a water line rupture. Several of our tenants had to clo...
Harry Asnien
How to Sell Auto Repair Shop
Help fellow BPers!Here is my situation: my father is trying to retire and owns an auto repair shop in Madison, Wisconsin free and clear. It is about an acre in a high traffic area and would be a great place for condos...
Yuvaraj Vimawala
SFR investor from Austin, TX looking to go Multi family
My name is Yuvaraj Vimawala (I go by Yuvi (UV)). Started by buying foreclosures at the county courthouse steps and have built a 12 SFR portfolio over 5 years in North Austin TX area. I have been very happy with the eq...