All Forum Posts by: Garrett Kaiser

I have reached out to a State Farm.  They don’t Broker out their policies so the brokers I’m using havent tried them yet.  Waiting on their local agent to chat

Thx

I haven't had much luck in finding an insurance provider for a 5-unit building in upstate NY.  I've been rejected for a quote for the following reasons:

- Out of State ownership

- Too many units in the building

- Company doesn't insure in NY State

I've gone to three insurance brokers in town so far and have called various name-brand companies.  No luck so far.

I'd love some recommendations or thoughts on how I can get insured.

Cincinnati area (but could be anywhere in OH/IN/KY - I'm operating an LLC and have a small-value triplex purchased in cash and am looking at a refi lender that can accommodate:

-LLC ownership

-small value loan ($50K-$75K note)

-ideally an income-based appraisal without a seasoning period (since it was a cash purchase).  A market-based appraisal could also work, but the seasoning period (12-months) based on the last purchase price is causing problems.

Does anyone have any insights into a local lender who approaches lending in this way?  Is this possible in this market?