All Forum Posts by: Gopi M.

Looks like my earlier post was removed (since I mentioned an insurance company by name perhaps? I am new here). But if you haven't seen my earlier message, thank you guys again for your inputs. 

@Will Fraser, I did find someone who might meet your needs - they offer an insurance product specifically designed for investors with multiple properties. They offer a master policy where you can manage insurance on multiple properties in real time thru their portal, switch from rehab to rental, and have varying coverage by property. I haven't spoken to them yet, but will next week. I'd be happy to share if you PM me. 

My local bank offered the following refi deal on my first couple of properties. I would like the opinion of others who have refinanced recently on the rates:

Properties: 2 properties held in an LLC, no current loans, currently rented

Rate: 4.44%

LTV: 75%

Term: 5 years, they are willing to do another loan at the end of the term. I would have liked a longer term given that I intend to hold these properties longer than 5 years. 

Amortization: 25 years

Collateral: These 2 properties plus personal guarantee 

Fees: $500 per loan

I haven't refinanced before, so I can't tell if this rate is reasonable. Any insight from fellow investors would be greatly appreciated. Thank you.

Thank you everyone for your replies. I happened to find a company (not a carrier) called SWBC, who have an insurance product specifically designed for investors with multiple properties. They offer a master policy where you can manage insurance on multiple properties in real time thru their portal. Has anyone dealt with them?

I have a portfolio of SF/TH rentals, that I am looking to insure. The current insurance that I have thru my broker is more like a single unit insurance, where I have to fill out an application for each property. While I get a consolidated bill, none of the carriers from my broker seem to have an online portal where I can add/remove/manage my insurance. It is like insuring a single property, but 20 times over. Are you guys familiar with a carrier that is geared towards investors and insuring portfolios? Thank you!