Grant R.
Life Insurance for Partners
When protecting yourself and your investing partner in a two-member JV (LLC), it's advisable to get life insurance for each partner. Which is the simplest/best solution to implement this?A) the life insurance is purc...
Julius Jones
Need insurance for a building with an old roof ASAP!
I am 90% through the entire process of purchasing my first 2 properties, but I have hit a MAJOR hurdle. While performing the inspections, we found out that the roofs are old and needs to be replaced within the next 3...
Asif Iqbal
Seeking Repair Help and Condo Management Coverage for Water Leak Damage
Hello all,
I'm dealing with a water leak situation in my condo unit, and I could really use your expertise and advice. The leak has caused damage to the ceiling of my neighbor's unit below, and I need to figure out t...
John C S.
Help with house closing
Hi all I have a question for a friend of mine. They are trying to buy this same house for about 6 months now. Every time there is a closing date scheduled there always seems to be an issue. The latest issue is now the...
Andy K
Advice on tenant move-out after a fire incident
Hi folks,
We wanted to get some advice regarding a situation we have at a rental property we own. In mid-August, we unfortunately had a fire in the attic of the rental home. The tenants living there called the fire d...
Dave Vona
How to stay competitive flipping in Denver
Hi, I'm trying to get started flipping homes in Denver. I've connected with several wholesalers and begun discussion with a potential partner and contractors. I'm finding that there are some (many?) investors that a...
J.V. Paul
Newbie Investor (kinda), grade my deals!
Hello All,I am new to BP. Thank you for providing such an awesome community and forum for those of us just getting our start. I have a somewhat unique story to share. I started RE in mid 2014. In the course of 1 year ...
Tim Sansone
Homeowners insurance options - my agent isn't helpful!
My insurance agent is being less than forthcoming when it comes to info on homeowners insurance options. I'm trying to compare RC to ACV and she won't give me all of the options. The company has placed too high a valu...
Will Johnston
Tax Deductible Uses for Extra Funds from Cash Out Refi
I recently did a cash out refi on an investment property to pay off the line of credit I had used for the downpayment on said property.I have about $5k in funds left over, and I'm trying to figure out what to do with ...
Alan Hale
flipping house numbers and return metrics
We just finished a flip in Waco and sold it. Now that I'm going over the numbers on our flip, I have a ROI formula question:ROI = (ending value - starting value) / (starting value).We went into our flip with 45k sta...