Heather K.
homeowners insuance on duplex
Hello all,I am purchasing a duplex in Minnesota for $90k and the appraisal value is $100k. I'm working on getting insurance but the companies I've called want to insure it for the replacement cost of $340k. I really...
Mak K.
Water Disaster: Lesson Learnt- Whole process In my case
Hi,
I have learnt a lot from this forum and thought to do a lesson learnt on my recent experience to help the newbies. This is to help with most common disasters which is water damage to homes. Again, I am a newbie ...
Vicky Li
Water leakage into the units underneath my unit
Hi BP -
Currently in a not ideal situation and would love to hear some suggestions regarding how to handle!
My just got a condo late March this year, and early May the condo association told me there was a leakage ...
Marina Loos
Tenant burned down house
3 years ago I purchased a nice home to rent out. The house has no mortgage on it. In March my tenant burned down my house due to "careless disposal of a cigarette" per the fire report. The lease specifically states th...
Najy Lyoubi
Need help with an owner financing deal!
Hello,
I came up with a verbal agreement with my neighbor. We agreed on a seller financing deal. The deal is in Las Vegas.She would sell me her house, which is completely paid off. However, the house has two known li...
Daniel Tanasa
The Inssurance Company does't want the insured name to be my LLC?
Hello Guys,
I am in a situation with my insurance for a property. My previous insurance expired and I changed the carrier and got a new insurance under my LLC name. However the mortgage company ( a local credit union...
Eddie Wright
Evaluating townhomes and condos with HOAs when running numbers
Hello everyone!I just moved to Miami just under a month ago, and I'm currently living in Miami Beach (renting). I'm looking to buy my first property using conventional financing (have VA loan as an option or would be ...
Matthew Vorce
First Duplex Closing Costs
Hello BP!I am working on closing my first duplex deal in Mount Clemens Michigan. The duplex is 2 - 3/1 units with a price of just over 100k. The loan I am using is an FHA loan with 3.5% down. I received the closing co...
Peter Goeller
Getting my lease written up using BP's lease
Hello BP Im a new landlord here in Massachusetts, and im getting my lease together using the lease that comes with the pro membership ( I just upgraded and I love it. highly recomended) there is one section 19 B that ...
Cory S.
Legal Basement Suite & Main Floor Suite
I’m having an issue getting my 2 units insured. Is this classified as commercial? Multi family? What’s a reasonable rate for insurance?
The insurance brokers that I have talked to sound confused and don’t know how to...