Curtis Magee
How to rebound after a fire
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...
Brandon Barkwell
Moving an AIRBNB Property into a LLC
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...
Foster Algier
Some good news about the FHA
FHA lowers borrowers’ mortgage insurance premiumsWASHINGTON – Jan. 9, 2017 – Lower costs are coming for homebuyers seeking a Federal Housing Administration-insured (FHA) mortgage.FHA announced that it's cutting annual...
Account Closed
Hiring Your friends, family and day laborers
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...
James Albrecht
Invoking appraisal clause of homeowner policy
Has anyone requested an appraisal to resolve an insurance payment dispute on a claim? (IE: If your contractor's estimate to complete repairs far exceeds what the insurance adjuster approves and the insurer won't budg...
Jay Schwichtenberg
Can I resell a home that I buy with quit claim deed?
I notice that the banks are selling a lot of their property in auction with quit claim deed. I understand what quit claim is, but I'm not sure if I understand what the means for the title. For example, if I buy the pr...
Mike C.
FSBO, Title Ins Optional For Owner?
Buying SFR FSBO. Below is text from a form from the title company (large, national) that states I will pay title insurance for lender coverage, but title insurance for owner is an option, and not necessarily the same ...
Nelson Del Castillo
Buying REO with insurble tittle to flip with hard money
Hi, I’m under contract to buy a reo to flip using hard money. My attorney just notified me that the contracts states that they will only convey insurable tittle. Is this common, would I be taking any risk doing this...
Jennifer Minge
storm, tree falls on car, who pays?
Big storm came through here the other night. A tree fell and landed on hood of tenant's car and knocked out the windshield. Some other dings on 2 other cars also. Tree was not a dead tree, it was a healthy tree that g...
Mark Risley
Buying a fire damaged property
Howdy All!I am fairly new to the BP community, but am eager to become an active member.Here is the situation....I am a licensed RE broker in the state of Colorado. I was chatting with my roofing guy (who owns a Fire, ...