Hi All,I’m closing my very first SFR in Detroit now I need to buy the insurance policy for a 5/2 house. Company sent me quotation per $130/Month but I understand for some investor it could be around $70 . So what are ...
Hello,Can someone share information on Business liability coverage for an LLC created to hold investment properties?Does the insurance need a 'person' on the policy or can the policy be in the name of the LLC?Is there...
I am interested to know what you do for Health Insurance after you left your W2 income to go full time in REI? I am wanting to plan for the future, since my goal is to be full time in 2 or 3 years. I have the option o...
I am about to purchase my first multiunit (triplex) property after being a dormant real estate investor for the past 10 years. I currently have three single family units and have had them since ~2005 (first purchase)...
Re: Homeowners Insurance on a Real Estate Investment Property from a Lender’s Perspective
I am a private money lender. Amongst other things I always instruct the insurance agent that the property will be vacant. I...
First year landlord here. I just found out that my tenant left the shower running all night while the bath was plugged. Water overflowed to the floor, causing damage to my unit. Not only that, this is a unit in a C...
Hello everyone, I have a question that pertains to getting the right insurance. I'm sure many investors who first started out had hire their friends, family and day laborer from craigslist or home depot because its ch...
I am selling my home on a BFT. What to do about insurance? I have a mortgage so cannot let buyers insure in their name or it could flag the due on sale clause. I've talked with several insurance companies and they...
Hello everyone,We just had a fire in our fourplex. Only one unit was damaged and the tenant agreed to pay for all repairs. I don't think she can afford to pay for the damages, therefore, we are preparing for small cla...
Hello,Are you able to move your STR into a LLC if you qualified for it using a primary mortgage? Do you run the risk of the lender accelerating the loan?If anyone has as done this and could share their experience that...