All Forum Posts by: Isaac A.
Isaac A. has started 5 posts and replied 113 times.
Post: landlord policy insurance for a just purchased Midwest property

- Grosse ile, MI
- Posts 117
- Votes 46
The property is in Michigan. If am to increase liability and vandalism the added cost is $130 + the basic insurance $908. The company does not offer water back up. I did contact numerous companies today and some that offer backup does not offer other features with the policy or reduced coverage. It seems I may have to get additional water back up coverage, not sure what to do ...
Post: landlord policy insurance for a just purchased Midwest property

- Grosse ile, MI
- Posts 117
- Votes 46
@Jason Bott Sewer backup does not cover this policy. Are there insurance companies that offer this solely? Also is there any add-on that you may recommend?
Post: landlord policy insurance for a just purchased Midwest property

- Grosse ile, MI
- Posts 117
- Votes 46
Post: Mortgage Called Due Upon LLC Transfer

- Grosse ile, MI
- Posts 117
- Votes 46
Jeff, I read the post on http://clintcoons.wordpress.com/2011/01/26/transferring-real-estate-into-your-llc/
Is interesting one cannot use a living trust to do the same thing as a land trust. This means those of us that have a living trust will have to recreate a separate trust(land) document? - Additional cost, etc. There should be a way of using a living trust? Any step by step approach into creating a DIY land trust?
Post: Land Trusts in Michigan?

- Grosse ile, MI
- Posts 117
- Votes 46
Randy H. How does one create a land trust- step by step?
Post: Comps without the MLS?

- Grosse ile, MI
- Posts 117
- Votes 46
Originally posted by @Richard Martin:
Ed- I know many here use Zillow or other sources for Comps. I have suggested it before but why not hire a Realtor to run the Comps. When I say hire I mean hire pay them a fair hourly wage or a per CMA. Realtors have a new tool that allows them to do it even quicker than the past. So even if you are buying properties away from their home area they can now help you out wherever the property is anywhere in the country. Treat the Realtor like you would any other contractor that you want on your team.
In hot market areas, you cannot wait for comps from a realtor. The need to automate every step of the deal is essential! - Get a comp software.
Post: Investing in Detroit? Best Zip Codes?

- Grosse ile, MI
- Posts 117
- Votes 46
I will like to invest in Detroit and surroundings. Help me with the best zip codes to buy for passive and active income.
Thank you. I am Electrical Engineer by profession and partime real estate investor. Which version of quick books is best for buy and hold(rental) and for those in property flip? Also does anyone have a step-by step QB setup for rental and flips and chart of accounts?
1. Self Employed - $5.00/month
2. Simple Start- $10.00/month
3. Essentials - $21.00/month
4. Plus - $28.00/month
Please advise?
Post: Bookkeeping for rental property

- Grosse ile, MI
- Posts 117
- Votes 46
what about zipbooks - https://zipbooks.com/
Post: Interactive Real Estate Investor Websites

- Grosse ile, MI
- Posts 117
- Votes 46
will you recommend websites for fix and flip deals? What will be the goal?