I was recently reading up on what it means to be bonded. Facinated by the idea that contractors and the like get insurance to protect those who hire them had me thinking how best can we leverage that safty and protec...
Hi everyone I am trying to formulate my plan and was curious if anyone had advice on what insurance you should carry? I am looking at 2-4 multi unit homes and I would imagine you need liability but not sure of what o...
Hello to the BRRR family! I'm reading about license bonding and insurance for contractors and I'm wondering if anyone can shed some light. Since the contractor already has a bond how do I, as the hiring party use this...
This is not intended to be a rant of the complaining sorts. However, from the this post I hope that someone may gain some value out of my situation. Short story long....In the process of completing the process to get ...
Hi biggerpockets family! I'm trying to figure out how to utilize the contractors insurance that he already has in place. With the bond and insurance coverage so that I am protected protected with the work he has done....
I have started interviewing GCs for the property I plan to rehab. I have prepared a detailed scope of work and every time I meet with a new GC I explain what I need to get done and I give SOW to them. Then we discu...
I've been speaking with an administrator of a property who previously had her property under contract with a different investor. She was told by the investor that she needed a bond? To protect herself. However she sa...
Is there anyway you can take the equity in your house now while the prices are high and save it for when real estate gets cheaper while avoiding capital gains. The 1031 only gives you 180 days.
I ran into a situation on a flip where the GC was not insured or bonded. He hired a bunch of sub contractors who he didn’t pay even though I paid him. This was in Texas so the sub contractor put a lien on the proper...
Many of the middle to lower class suffer the consequences of a housing crisis. What causes this? It is said that due to inflation the volatility of pricing on the housing market can fluctuate depending on one sole fac...