I recently moved to a home i was going to flip but decided to keep and make it my primary. I have a conventional 30 year loan on the old house(lived there for 2+ years) and private loan on the new one for now. Anyway,...
I was told that if you purchase a property using a conventional loan (mortgage in your name), that within a month or so after you purchase the property, you can use a Quick Claim Deed or Warranty Deed to transfer the ...
The lender is escrowing for insurance. I talked to my own insurance agent, and he told me that even if I add myself as an additional insured I still wouldn't have liability coverage.
I have the property in my pers...
I have a property in which the tenant had a "cooking accident" that sent flames up to the ceiling, and burnt a whole into the bedroom above. The work order from my property manager is for $6120.00, and my deductible ...
We've had a brutal winter in Chicago this year! Lots of snow and ice.
So a tenant in one of our building's rents an illegal basement apartment. We bought the building in Oct and inherited the tenant - I didn'...
Late last night I received a call from one of my tenants telling me that one of the other units had a fire in their apartment (this is a 4-plex) 2 days ago. She said there was an explosion and she didn't know what...
Biggerpockets community, I'm stuck. Firstly, let me start with a little bit of backstory, for the better half of the last 5 years, I've been a mechanic. I kind of just fell into it and it stuck for a little bit and to...
Hi everybody. It seems like a huge number of BiggerPockets users are looking to quit their jobs and transition into full-time investing. A major roadblock to this, however, seems to be health insurance. Those of you w...
It gets worse. My Gmac mortgage was sold to Ocwen a few months ago. I just got off the phone with them...and the Indian guy tells me as of January 2014 my mortgage will go up $200 due to my escrow being negative......
So the neighbor directly across the street from me, had a big chunk of a tree break off during a storm and fall across the power lines and road (and into my tenant's yard). When the tree hit the power lines, it pulle...