Kyle Gregg
Recent burglary under a builders risk policy, who is responsible?
More drama with my recent 203k and i need some insight....We have moved into our 203k rehabbed house about 3 weeks ago. Last friday someone broke into our house and stole about $5000 worth of personal property. I cont...
Alex Smith
Electrical Fire @ Duplex--Do I need a Public Adjuster?
Hi BP!Today my duplex caught on fire. Thankfully, only one of my tenants was there and she was able to get out safely and call the fire department. So thankful this didn't happen in the middle of the night. It could h...
Ravi Kiran
Drunken Driver drove Truck into the Home
I just had a drunken driver rammed his Chevy Silverado into my rental home at middle of Friday Night. Thankfully the tenant’s son survived with bruises & lacerations, who was right at the impact point. The truck w...
Steve Olson
Tax implications of "subject to" transactions
Hi All,
I listened to one of the more recent podcasts that talked about subject to deals.
Does anyone have experiences with the tax consequences here? I would imagine that the mortgage company will sen...
Evan Crawford
House purchased - wasn't aware house was in flood plain
My friend just purchased a foreclosure. He's fixed it up and is now placing it back on the market to sell. He thought he was about to get an offer but when potential buyer called insurance agent, they told her it...
Austin Snyder
Question about Huge Jump in Escrow Payment- Pending Foreclosure
Hello I'm newer to working on pre-foreclosure properties and I'm working with a seller to try to take over their mortgage "subject to." Their payment used to be about $400 but it's jumped up to $1,400 with about $1,00...
J. Mitchell Bernier
Collecting Triple Net Leases
I’m looking at purchasing a commercial property that is under a True Triple Net Lease for two years. I have never dealt with these leases before but understand the concept. My question is how do you collect the I tax ...
Ryan Sanders
Bet you've never had this question before!
I'm sorry if this is in the wrong forum, I couldn't find a category that fits so I figured I would post in the most popular one.I have a property under contract that I want to use as a rental. My initial projections s...
Brian Stratton
New Turnkey investor - would appreciate advice
Hi, I'm a new investor from Connecticut looking at buying turnkey property in Memphis, TN. I have a few specific questions and would greatly appreciate some advice. 1) Legal - I want to set up an LLC before investing...
John Wang
Rental Dwelling policy with flooding or Sewer Drain backup
I own a rental duplex in Michigan and my current Rental Dwelling insurance agent is State Farm. Considering the big rain and flood we had in Michigan 2014, I am considering to add flooding or Sewer Drain backup to pol...