SFH buy and hold strategy in Indy

[Prab C.]

For those of you who are out of state SFH buy-and-hold investors in Indianapolis that have greater than 10 properties, I have a couple questions:

1. How are you financing your properties? Are you buying 10 and then rolling them up into a blanket non-recourse loan with a company like Corevest?

2. How do you limit your legal risk/exposure? Are you putting these properties in LLCs? If so, any local attorneys you would recommend?

3. Do you have an umbrella insurance policy? Any recommendations for who you work with?

Thanks!

[Josh C.]

@Nick Giulioni

#3 is super cheap. I think I pay like $200 a year for 2MM. That’s the easiest one on the list. I typically do 500k liability per property (or 1MM if a bigger place) as part of the standard rental policy, then the umbrella policy on top of that.

Worth your time to look into.