James Bridges
Factoring in Windstorm & Flood Insurance in South Florida When Analyzing Properties
How are you determining windstorm and flood insurance costs for properties in the south Florida market? For those of us who cannot pay cash and require a loan, banks require windstorm insurance and many times flood in...
Bob Malecki
Harvey to hit mortgages if flooded homeowners stop paying
Interesting article linked below, and a cautionary one for anyone who considers buying debt in natural disaster areas where the home's value is lower than the debt. With the home being "underwater" in both respects, w...
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 ...
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 ...
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 ...
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 ...