All Forum Posts by: Frankie Lotrec

@Jacob Sloop

Morning! 

I'm in Lynchburg, VA.

@Timothy Hero

Thanks Tim.   Well, I keep seeing listed properties and their insurance is like $150-$200 for bigger multis. 

tx

@Brandon Banks

thanks for your detailed reply. I have contacted 2 or 3 and apparently they are not interested in insuring a property with mixed LTR and STR some of which include grad students??!

Although this year I will have only LTR except they are grad students. 

tx again

Any pics? Details?

Tx

Hello,

I own a quadplex in VA. I have insurance right now but I am paying upwards of $600 per door! I need to lower that to meet my budget. Any recommendations?

thanks

Hello,

I own a quadplex in VA. I have insurance right now but I am paying upwards of $600 per door! I need to lower that to meet my budget. Any recommendations?

thanks 

@Julio Gonzalez

pardon the typos

@Julio Gonzalez

tge purpose of the 5th unit is not so much for the cash flow as much as it is to turn to comercual financing in order to access equity based on cash flow ( 5 units father than 4) instead of comps.  As a quad we don't have enough equity rn. Adding the unit would be about 20k it's already roughed in 

Finally, I asked my CPA about cost segregation he said we do that but not a full one si c'è it's costly and not worth it for just 4 units. 

tx so much 

@Bonnie Griffin Kaake  Bonnie thanks for your input, I would like to know more about the study. I emailed you as well. 

Tx

@Uriel Resendiz As a quad, rn cant do HELOC not much equity yet.

Tx