All Forum Posts by: Michael Roeder

I am actually a national insurance agent and write personal lines insurance in almost all 50 states. You can get a stand alone umbrella through a company named personal umbrella. They are a little more expensive than if you bundled everything with a company like Allstate or safeco though. The nice thing is they allow up 30 rental properties to be covered and will go up to 10 million. Give me a call if you want me to take a look at your umbrella or any of your other insurance. Safeco will also allow you to do an umbrella as long as they have your auto insurance and will usually go up to about 16 units. Good luck!

Mike Roeder

612-215-3674

Thank you so much for the responses!

I am looking to put in an offer on a 4 plex today that is listed for $269,000. I am wanting to ask for 2% closing costs to help with the return, however I was recently told by a Realtor that this may look bad since it is an investment deal. Does anybody have any experience with this? Is asking for closing costs a good idea or bad?

Thanks for your time!

My wife is a Realtor in the area however she doesn't have too much experience with REO's. I will check and see if she has any colleagues that would be a good fit for you.

Good luck to you as well Nancy!

Thank you @travis sperr !!

I am in need of some suggestions for a good MN real estate attorney! I am just starting the search and have no idea where to start. Does anyone have an attorney that they would recomend. If not how would I go about researching who would be best? I am also wondering what people's thoughts are on creating my own legal will? Thank you!

Thanks Karen and David. I really appreciate your time!

I came across an article today stating that any lease over twelve months must be notarized. After looking into it a bit more it seems every article that pertains to this law is in the state of WA. Is this law state specific and if so does anybody know if you need to notarize a 3 year lease in MN? Thank you so much!