Very newbie question. I have a borrower who is a member of our local REIA, that needs $50,000. I want to make sure I understand the process of being a private lender. I have my lawyer draw up a mortgage and promissory...

Has anybody used National REI insurance for a multi family property? Looking to insure a fourplex with a purchase price of $325k about 3000 fsf and the quotes are all coming back around $4k/year. REI is about $16...

Hello folks.I own only one duplex for now but plans to grow soon. I want to include language in my lease requiring my tenants to posses an active renters insurance policy as well as indemnify and hold harmless the lan...

My local independent agent has carried my policies for 4+ years on these properties. How do these rates compare, should I shop around before renewing?Property A: Just cash out refinanced this bungalow last spring. App...

Hello,
I've created two LLCs based on the direction from my accountant. One is filed as an s-corp, the other is not. The s-corp LLC has a contractor's license and insurance, I intend to use it for flipping and possib...

I gotta ask. Why in the world do all these goofy commercial lenders use DSCR calculations as part of their guidelines yet so many of them calculate it differently?Why don't the moronic lenders just change the dscr num...

Good afternoon, BP.When you start out and buy that first duplex (or other multi-family property), would you rather A) save enough in your reserves that you're covered for at least 6-months' worth of lost rent? or B) u...

I have a question about being your own general contractor on an investment property. I am not a licensed contractor FYI.

I've secure a commercial line of credit with a local small bank, which is great, but t...

This is my first attempt at a lease to share agreement. I was wondering if any of you had any suggestions as far as wording or additions to this lease? also wondering about the rules, I guess as a whole, what do you t...

While my ex-wife was living in the home I recently got back she had 2 flood claims and a theft claim in 2014. That same year I had the window broken in my car and laptop stolen while in the city, with the insurance sa...