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I'm not sure if has as much to do with the fact that I purchased in my LLC, but the insurance policy I had on the property gave me a cancellation notice because they did an inspection and determined the firewall did n...
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I am a first time investor and am purchasing an investment property in Baytown Texas for $200,000 (single fam). I was expecting the closing costs to be around 3% but they are closer to 7-8%. Is this reasonable? I a...
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BP Community,I recently got a SFR under contract that was built in 1900. Though extensively rehabbed, the age of the property has made insurance brokers I have spoken to a little wary. I was offered only Cash Value po...
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Getting quotes for the house I'm closing on in April and wondering what to how with for coverage limit and umbrella. It will be an STR with no personal use
Background: high income W2 job, no primary home (ADU on fam...
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Hi, I'm reviewing a house in my neighborhood and wanted to see what people thought about what I should offer. It's a 3/1 SFH in Slidell, LA. I figure about $15k for repairs/updates and it would rent for between 1100-1...
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Hey BiggerPockets so I’ve been talking to some mortgage bankers . One specifically caught my attention . Bank Santander offered me a .625% discount on my mortgage because I’m making below the 50% median household inco...
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Hello everyone!I started looking up what are the estimate closing costs in my areaand I found a calculator from one of the banks. The result was - estimate closing costs, including prepaid items and escrow account fun...
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Hi all,I am in the process of buying my second 4plex, this property is a little more run down than my first property. I am having a hard time finding an insurance company that will insure this property. My insurance ...
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Any recommendations for a new insurance agency for my situation would be appreciated. I have four rental property's, and my personal home listed on my umbrella policy, but I recently purchased another property and the...
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Hi everyone, I am closing on a property near the Asheville market that I intend to use for vacations but also STR via airbb/vrbo. I am looking for insurance to adequately cover my liability as a potential STR as this ...