All Forum Posts by: Dana Yobst

I've gone from zero to 5 multiple unit buildings in the last 12ish months...and every day feels like a new challenge and something new to learn.   I'm continuing to learn and looking to expand opportunities, investments and wealth.  I'm particularly interested in Latin American development opportunities at the moment. 

@Russell Naylor, it sounds like you are advising against ACV for an older property?   I do actually have an option for replacement cost too since the property was just completely rehabbed.  The requires 80% co-insurance where as the ACV does not. Also to note, the ACV is broad coverage and I could get special coverage for the replacement policy.  

Thanks all!  This is super-helpful!

I'm a new investor and buying a handful of buildings in a LLC. I have read that you shouldn't make any claims on insurance unless its catastrophic to keep costs down. If that is true, it seems better to go with a 5k deductible than 2500k to bring down the cost of insurance.

What do other people choose for deductibles?   I will have replacement cost for a newer building and ACV for older buildings.   Also, do you use the purchase price for ACV or inflate it a bit to cover depreciation in the event of a loss? 

thanks @linval t.  I've listened to the podcast and still trying to figure things out.  its a bit overwhelming first a first timer but i'm sure i'll get there !

Hi, I'm new to investing and am currently in the process of buying 3 multi-tenant building. I am going to put them in an LLC and am looking at insurance. The quotes I'm getting are 1) dwelling insurance PLUS 2) general liability (1 million per occurrence with 2-5 M aggregate liability). I had thought I'd use a personal umbrella to cover the properties and my personal auto and house rental (don't own my home) but I'm thinking that is overkill as the properties will be well covered by the liability.

Thoughts? Advice?  

I have had a few conversations with homeunion and they do seem knowledgable and professional but i am floundering to figure out what i should do as a first time investor.  i'm also looking at turn key operators. the thing i like about HU is that you buy on the open market so there is no issue with inflated buy ins like there seems to be with turn keys.  #confused first time investor 

Hi, I am new here and have read a lot of opinionated threads.  I am also from the bay and have pretty much decided to leverage a turn key company to invest out of state.  i know i could make more money doing it myself but i'm intimidated by the process and have little time to explore and research all the details of areas I don't know.  I'm looking at Chicago for multi-unit and memphis (more for single family).  I'm trying to figure out the best approach - use a turn key company that buys and rehabs and sells (advantages seem to be more assurance of product and cash flow; disadvantage seems to be paying such a premium upfront that there may be a loss when i sell) OR a company that does all the analysis and has property management (advantage - fair market price on property; disadvantage - i'm not getting much except a short cut in research and numbers crunching).   thoughts?

the other main question i have is around cash flow versus appreciation. i'm looking for a safe stable investment and it seems cash flow is better for that since appreciation is an unknown.  Advice? 

THANKS!