Dan Meier
Closing Costs For Short Sale Double Closings
How are closing costs customarily split between the investors and the bank during a closing? Fees may include Doc Stamps, Abstract Title, Title to Close, Recording, and other miscellaneous closing fees. Naturally, I'...
Ali Tayeh
What does Quit Claim Deed mean?
I did three buy and hold deals in the last three months and thinking of doing my first flip. There's a house on the MLS that I'm currently interested in, but I didn't know what "Buyer to take title by Quit Claim Deed"...
Tanaya Fisher
Water/Damages to Tenant Belongings
Hey All I posted about this in another thread, however I now have all the details in order. I’m still fairly new to being a landlord and I just would love some advice on how I should approach this in the best possible...
Travis Limbocker
The dreaded business entity question....
BP Gang,But I am reaching out to my fellow investors to get your input and thoughts on the following scenario:Currently own a 6-unit Apartment complex in San Jose, CA held in an LLC formed in beautiful CAOwn another 6...
Peter Grosso
Putting a lien on a property after a hard money loan is in place?
I have a complicated situation and I am going to try to express it clearly. I own 5 units in a 64 unit building. I agreed to partner with the owner of the rest of the units. We are upgrading the building and convert...
Chris Garrett
Conventional loan app fee
I’m doing my first buy and hold purchase for a long term rental. I’ve received my loan docs back from my (conventional) mortgage lender and he’s included a $995 loan fee. This seems a bit excessive to me. Also includ...
Lisa Campbell
Guidance needed, contracted to buy but seller won't produce insurance claim details
Hi everyone!My offer was accepted on a duplex in Cape Coral, but the seller who is also a realtor has been really ambiguous on providing information about an insurance claim. Originally we were told it was a claim for...
Ian Middleton
Small Dogs in SFH Rental
Hey Guys, I have a SRF with a stable family who've been living there for about 18 months now. They have recently requested to get a small dog and I am in a quandary about this. My inclination is to allow this provided...
Cynthia D.
Another question about Umbrella policy versus LLC.
I have searched and read some info here on this topic, and have learned a lot. My specific scenario was hinted at but not completely explained, and I was hoping for some insight:
I have 3 single family rental homes. ...
Josephine Breign
Does Umbrella Insurance require max coverage on car insurance?
Hi BP! This question is for landlords who chose Umbrella Insurance instead of putting their properties in LLCs. Seems like the UI only comes into play after all other insurance limits are reached. We're having trouble...