All Forum Posts by: Mark DiGioia

Try Liberty Mutual. For a two family they quoted me $ 2,0009.00 for 500 K I am getting quotes to add to my umbrella shortly but that is what I got quoted here in CT 

@Filipe Pereira thank you much appreciated

@Scott Hollister  I currently live in Hamden so in the surrounding areas 

@Scott Hollister than you but I am not looking for a job lol I am looking for a PMC to manage my potiental properties 

Hello all,  I am interested in possible working with a Property Management Company here in CT . I was looking for any recommendations of ones you have worked with that have a very good track record -I am looking to have a dialogue with one or two to see if it makes sense particularly in the areas of "C" or lower ranking properties -thanks in advance

@Brad Miller by square reader you mean the small devices that connect to an OS device (IPAD or IPHONE) ? I have reviewed cozy and did a 45 minute web session-seems very simple and easy to use for just starting out and believe or not it is free-I understand on the check. I found out here in CT you must offer more than ACH only which means Credit Card as option two for the same reason you probably dont take checks lol  -thanks for the info folks much appreciated 

thanks for the information. It is hard to determine what is the best option. I just spoke with Liberty Mutual they quoted $ 2,009 annually for the two family which covers up to 500K I already have an umbrella for personal through them along with Auto and home so they would add the 2 Family to that and bring the total to 1.5 Million- the issue I still seem to have is LLC or not -feedback it really doesnt look like it protects me -So buying the home in the LLC's name with a personal garauntee is not an option? I know banks arent high on lending this way but with 20-25% down ? and a PG ?

@Edward B. thanks Edward-the second question I was referencing financing and the banks frowning upon giving the loan to an LLC even if I give them a personal garantee (PG)

Hello everyone ! 

I sent in the paperwork to form my LLC. My question is regarding the insurance on the property. What type of insurance are you putting on your (in my case) Two Family -do I need an umbrella policy ? I do have a good amount of personal assets I need to make sure I am protected

Also, sneaking in a second question. My first deal is by mean of convential financing (20% down) I have read that a bank may flown upon having the loan in the name of the LLC even with a PG -thanks

@Megan King @Jack V. Ospina @Chris Lynch thank you for the feedback

Megan, Jack great points. I appreciate the feedback. I just put an offer in on my first two family (fingers crossed) it will work out. Again, thank you for the information