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I'm trying to find out information for my mother regarding a Whole Life Insurance policy she has.She started this policy roughly 10 years ago (I had no idea this whole time) and is in her early 70's. As her English i...
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Hi all,I'm closing on an investment property in 3 weeks and have run into an issue. The lender is requiring that I have an insurance policy with rent loss coverage. The property is going to be vacant initially as I ne...
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Quick overview-
Asking price: $164,900
Property taxes: $3440/annual Or 286/mo
Insurance: $500/mo (from FHA home insurance + mortgage insurance)
Rent: $550
No flood zone, good roof, good foundation, central h...
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Hey BiggerPockets world!I have a possible sub 2 deal looking to get some insight. I have a seller who owns a 3 family home, and willing to subject 2 her remaining mortgage balance of 295k. ARV is 485k, and as is value...
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I have a situation I need advice on. This is regarding my personal home also. We switched insurance companies back in June and on Friday we received a letter from our mortgage company saying that they are charging u...
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This is for a SFH and an LLC that I don't own yet. I've been calling some insurance companies but still don't completely understand this.
I've been told by the insurance companies that I've talked to that the liabil...
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Having a hard time finding a policy that covers sump/water backup, but I found one at an okay price. The only problem is the liability coverage is max at 500k. I'm buying with a LP/Corp structure, not a LLC. Unsure if...
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We bought an insurance policy for our property through an insurance broker. We received significant hail damage from the May 9th, 2017 hail storm in Denver, CO. We have been very patient in allowing the process to wor...
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Hi guys,We have a seller who's interested in putting their property under contract with us. They have an issue with paying costs at closing, however.Our contract states that they pay the costs of preparation and trans...
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I just closed escrow for our first short term vacation rental property. Should I set up an LLC or do I just operate as a Sole Proprietorships? Need your expert advise please. Thank you.