All Forum Posts by: Alexander Leuser

I was curious whether a marketplace exists where buyers can purchase fractional shares of single family residential properties. Or even better, one where individuals can both buy but landlords looking to raise capital can also list. I recently discovered Roofstock One, but they only have about a dozen properties and they all appear to have been sold or have no shares remaining. Is this not a thing because of SEC regulations? Or because there is a belief that demand only lies in commercial? What are your thoughts?

• Landlord insurance is also referred to as a 'dwelling policy,' the same as homeowner's insurance with respect to dwelling, other structures, liability, and medical payments coverage but differs in that personal property is not typically included, and loss-of-use coverage (also known as loss-of-rent or fair rental value) reimburses you for lost rental income if the home is damaged and undergoing repairs, landlord insurance costs on average about 25% more than a standard homeowner's insurance policy

• DP-1 Policy: 'Dwelling-fire form 1' is the most basic option for landlords, these are named peril policies (covers 10 perils) meaning you are only covered for the perils listed in the policy, an actual cash value (ACV) policy meaning if the home is damaged you are only reimbursed for the depreciated rebuild value of the property

• DP-2 Policy: 'Dwelling-fire form 2' provides broader named peril coverage (covers 16 perils) and replacement cost coverage (RCV) for your property, this means that if the tenant burns the building down depreciation is not factored into the building's rebuild cost, also includes loss-of-rent coverage (for around 30 days) which provides supplemental rental income while the rental property is being repaired due to damage from a covered hazard

• DP-3 Policy: 'Dwelling-fire form 3' are "all-risk" or open peril policies meaning the property has replacement cost coverage for every peril not specifically mentioned, also included is loss-of-rent coverage, these are also used to insure non-owner occupied homes and vacant properties (vacant building policy)

These are the notes that I took when I was researching the topic for myself. I personally am in the process of finding an insurance agent to work with on this. You may be able to get something like this through a website like policy genius or something but I would go through a person versus trying to do it all yourself online. Hope this helps, best of luck!

Thank you Dave!!

Hello everyone!

I was hoping that you all could help me with something. I have been trying to figure out if it is possible to 1031 exchange a property in my name to a property owned by an LLC where I am a partial owner. My guess is that the owners have to be an exact match but I am not 100% sure. If that is the case what is the most efficient way to have the two ownership structures match up? Please let me know, thank you in advance! Also both properties are located in Pennsylvania.