Account Closed
Land Trust - who should be named on the insurance policy?
Hi FolksNeed your help please. On an investment property that's rented out, who is the owner of the insurance policy?The structure of ownership is as follows:Title to the home taken in the name of the land trust. So t...
Travis Ferreira
Strategies to avoid High Closing Costs
I recently purchased a 3-unit rental property in the Rochester, Ny and used conventional lending (bank loan with 75% LTV, 30 year fixed, 4.25% interest), I quickly learned this strategy has high closing costs (~8% of ...
Nicholas Baker Wood
Kept Our First Home as a Rental
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $108,500
Cash invested: $21,700
There are so many great memories about this house! My wife and I had relocated to C...
Casey S.
Cash offers on HUD foreclosures?
Are they likely to accept less on a cash offer? Ive purchased some HUDs in the past but always dealt with financing. I hear a lot of foks say they will accept 85% of asking price pretty often. Would I be better to go ...
Lana Ly
Hiring a handy out of work friend or a contractor?
I need to change windows in my house and some siding and have a trusted contractor who is currently estimating my work. My carpenter friend who is currently out of work offered to do the job. What are your thoughts on...
Chris Oshea
Creating condo association question
I represent a seller who's selling 3 condos in Boston MA, it was a 3 family that was converted to condos but were just rented out. The seller is offering rent to own for 24 months.
How does the condo association get ...
Sudhir N.
Home warranty for rental properties in Philly
I have a few triplexes in Philadelphia. A certain management company runs everything for me end to end. The fee they charge per month is reasonable in the 4-4.5% range. They also charge one month rent for placing new ...
Rashid Richey
Rental loans 4 less than 100k?
I’m a new investor. I have about 100k to invest. I want to use the funds to buy as many cash flowing rentals as possible. I haven’t been able find lenders who will lend for under 100k purchase price. Is there such...
Jarred S.
Closing Without an Attorney Involved
I am in the midst of a purchase and an old school seller says he doe not want attorneys involved. I informed him we would still be getting title insurance and running a title search and he was okay since that was c...
Robert Bates
Should I get a Home Warranty on my duplex
I just purchased a duplex, should I purchase a Home Warranty?, if so can I get a few recommendations?