All Forum Posts by: Genevieve Anderson

Any recommendations on companies in each state?

John, thanks so much for checking into this! I'm happy that at least the answer I was receiving from my current agents is consistent. 

Hello, our personal home is in Louisiana and we own 

- a short term rental property in Pennsylvania (title is in personal name, not LLC)

- a long term rental property in Louisiana (title is in LLC)

I am looking for an umbrella policy for extra liability. Ideally, I would love something to cover all 3, however I understand that the property in the LLC might not be able to be included (we currently have extended liability on it).

Wondering if anyone knows of a company that would write an umbrella policy ($2M) for both the personal properties in LA and PA? My current agents in each state are not able to find a solution.

Thanks for your help!

Thank you for confirming this info!! On to looking for a non- qm lender! 

Hi, would you mind expanding on what ‘non-QM’ refers to. Met with 3 banks and they are all telling me 25%. Going to keep asking around though. 

Hi everyone, quick question. Does anyone know of a lender who would do under 25% down with a 30yr term for a duplex? 
I’m in New Orleans, Louisiana bought a duplex last year with 25% down (purchase price $195k). Put in lots of work and upgrades and am looking to do a cash out refi but with 20% equity if possible. 
Also, it's currently in the name of our LLC so open to business loan options.

Near 800 credit score, almost no debt, with steady 6 figure income from our 9-5’s.

Thanks in advance for your help! 

Kamil, that’s very helpful, thanks! Do you foresee any legislation coming that would prevent STRs in the area? Appreciate your insight! 

Hi all, we have 2 long term rentals in the New Orleans area. Both are doing well and now that I feel more comfortable, I'm looking to get into the STR market. New Orleans has some pretty strict laws, so thinking of going out of state. Anyone make a recent purchase or know or cities that would be a great place to start looking? Thanks!