I have been issuing NREIG for all my properties in Michigan for builder's, vacant, and rented coverages. Yesterday I was informed that one of my properties was now going to increase to $5000 deductible effective immed...
I am picking up my first rental and wondering since the loan I am getting is in my personal name how I can put it into my LLC at closing for personal protection.
Hello to anyone who can help,I am looking at duplexes in the Detroit area to buy as an investment property to rent out. I have enough to put down 20-30% and would like to mortgage the rest. I have excellent credit. ...
What insurance company do you know covers short term rental by the room for a single family house?
FasterFunds Lending, a hard money lending who focuses on the Saint Louis Market has a unique take on hard money lending that I would think should be more popular.
1. No appraisal fees. They get in their cars and go s...
Hey everyone! I’m new to the community and looking for some advice. I own a SFR in Jacksonville, FL that is rented out to a full time tenant and managed by a local PM. I’m considering switching to short term renting v...
Considering that DSCR = NOI / Debt Service and NOI = Gross income less operating expensesWhen institutions are looking at operating expenses for a new purchase, how are they calculated? For example, if we know the g...
Hey All,
After a few successful single family, I’m going to be making an offer on a small multi family (7 units) next.
My question: What rates / terms should I use when running the numbers? I’ve run a few scenarios ...
hello BPI have saved those hard earned dollars and my wife and i are ready to get our first rental property. In performing my research and attempting to get my team lined up i have started calling banks to inquire abo...
Can someone tell me what a normal amount is to pay for Insurance on low end rental properties? I own two rental properties in a 50/50 partnership in Birmingham, AL.
Rental 1: Market Value ~50k. Insurance Payments ar...