All Forum Posts by: John Lach

@Bradley Clark will you be able to share the list of lenders that are willing to lend to LLC. Im in search of a bank who can lend to LLC.

thank you.

@Jacob Gerber did you end up finding anyone? Im in a similar situation and looking to see if any local banks are willing to finance to an LLC?

Any information/learnings you can share from your experience will be great.

@Jason Bott @Anthony Lee thank you very much for all your help.

Thank you very much @Jason Bott @Anthony Lee for your prompt response & suggestions.

Right now we only have 1 SFR but are actively looking to purchase few (1-3) in coming months. Is it advisable to go with $300k for now and increase it as we put more properties into LLC? Or is the best practice to have an equivalent of an umbrella coverage for the LLC ($2-$5million)? Dont know if they provide an umbrella coverage for LLC, you can tell im a NooB.

Hello,

We are looking to purchase a SFR in Round Rock area and it will be deeded in the name of the LLC we have setup. Need your help to see if the following quote Im getting is reasonable or are there other agents/insurance companies you will recommend that are best work with SFRs.

Im have an insurance agent who is quoting me $800/yr for the following coverage:

- 200k fire and other perils

- 300k personal liability (Is this even necessary if we are are registering the house in the name of the LLC?)

- 25k medical

- 35k fair rental value

- 20k other structures

- 2000 deductible

are these the right coverage items/values?

am Im missing anything?

Talking with the agent doesnt give me confidence that their group have experience with SFR, so if you have any recommendation I would greatly appreciate.

thank you,

John.

Hello all,

We are looking to invest in Austin area and are looking for investor minded realtor recommendation. We have already purchased a property, but are looking to purchase more. We are mostly interested in buy and hold type properties (mostly SFR/MF). Open to recommendation for areas where to invest.

Any recommendation will be greatly appreciated.

best,

John