Sunil Kapoor
Are my closing costs too high for a Phoenix AZ purchase?
Hi All,I am buying a townhouse in the Phoenix area for around 190K with 30% down.My closing costs are around 10K, and I have great credit (over 800), which seems high, but I am a newbie so wanted some experienced eyes...
Michael Wentzel
Question about insurance
Hello everyone,
We are closing on our 2nd multi-family next week. I've found an insurance broker I really like.
So he has been running numbers for me on this new property. It seems like we have a lot of...
Brandon Donahue
What Kind of Insurance Policy Do I Need For My Flips?
Hello all,
I'm looking for advice on which insurance policies I need for my flips and which policies should fall onto my general contractor. On my past flips, I have done a builder's risk policy (very expensive) and ...
Joyce Schindler
MFU- Conventional Loan w/Umbrella vs LLC/Commercial Loan
Looking to start my journey into investing! I have my eyes on a 2 unit Multifamily unit. We weren't sure if we should go with a conventional mortgage and get an umbrella insurance OR go to commercial loans with higher...
Debbi Price
Simply, when does insurance *usually* cover the cost of damage?
I have no background in dealing with insurance companies and I feel like when I've spoken to agents I'm either getting conflicting information or I'm not explaining myself well enough.While I understand the policies a...
Susan Barlow
STR Insurance - what is best?
My husband and I just had our offer accepted for our first STR. We currently have one LTR. As I am researching insurance for STR, is it better to go with Proper Insurance, who claim to be the only STR out there (I h...
John Arendsen
For Folks Living In RESIDENT OWNED Manufactured Home Communities
Frequently Asked Questions:Q. Does our condo park and association need to become approved by FHA or HUD before FHA reverse mortgages can be insured? A. Yes. The HUD Mortgagee Letter issued new guidelines for manufactu...
Rick Strobel
One man S-Corp buying a car questions and concerns
I'm self-employed and have been doing business as an S-Corp for many years. Currently drive a 12 year old car that I own personally. Thinking about buying a newer car.
I'd like to have my company buy it. That way ...
Rob Gribben
Average rental expenses per year per property
I have two rental properties in Baltimore, both are rowhomes, one in the city, and one in the county. I was looking at rental expenses (excluding taxes and insurance) for the past 4 years (2011-2014) on both houses t...
Ben Rasche
Cash reserves per unit
Hey guys and gals,I just purchased 2 single family houses and a duplex to go along with another duplex I currently own. I'm just curious how much cash I should try to keep in reserves at all times in order to deal wi...