All Forum Posts by: Sam Heck

Thank you all for the recommendations. All 3 look promising so far. I will be taking a closer look at them this weekend.

It's a late reply, but I ended up using NREIG. The rate was about $145/month including hurricane coverage. Some of the deductibles were high, especially for theft. It was the best deal that I could find though.

Good morning all!

I am looking for recommendations for a CPA or accountant with REI experience that can prepare my taxes for 2016. I have an LLC setup as a partnership and we did our first deal last year. Preferably, I'd like someone in the Baton Rouge, LA area. Thanks in advance!

I am about to close on a $80K home in Kenner, LA that I plan to flip.  I've been getting some quotes for insurance and the premiums are very high.

Quote 1 - Vacant Dwelling Policy from Evanston Insurance Company. $1200 for 3 month term

                $160K Property Value (incl. improvements), $300K Limit

Quote 2 - Builders Renovation Policy from Lloyd's of London. $917 for 3 month term

                $80K - Property, $300K Liability, $1K deductible

Both seem very high and I can't even use quote 2 because I am not using a licensed GC. I have a licensed contractor, but he is not a GC. FYI - The quotes do include wind (hurricane) coverage which is a necessity around here.

Are these quotes typical? If not, does anyone have suggestions on how to find a better quote. 

Thanks for the responses. Just to be sure I get this right, I would write on the contract that the deposit will be held by the title company or just escrow and then I would make the check payable to the title company? Do I give the check directly to the title company? Wouldn't make much sense to give it to the seller.

Newbie here! I'm ready to make an offer on a 4-plex that is being sold by the owner, FSBO. I've never worked without an agent before and want to make sure that I am filling out the agreement correctly. Who holds the deposit when there are no agents? Is it the seller?

I don't think there is any value in buying a taken domain. I would just get more creative in the name. For the best SEO results, you want to make sure your target keywords are in the domain while keeping it short.

That being said you can use https://www.whois.net/ to look up the owner and contact info of any domain. Happy hunting!

 Robert, I gave them a call this morning, after seeing the name in another forum topic. I left a message and am waiting on a call back.

I got a referral to an independent agent that claims he can get a few quotes to me by the end of the day. I'll also try Farm Bureau and American Family. Thank you for those suggestions.

Is it just me or is it very difficult to find insurance for a multifamily home? I've spent the last 4 hours calling various insurance agencies and have not been given a single quote. All of them are considering a 4-plex equivallent to an apartment and requiring commericial insurance. That's fine with me, but then each of them claim they don't issue apartments in that area. Maybe, I'm just looking in the wrong places. So far I have called State Farm, Travelers, Liberty Mutual, Nationwide, and Geico. I also tried a few independent agents, but no one has returned my call. I'm in Baton Rouge , La. Any recommendations?

I am new to real estate investing and have been spending the last few months saving up cash and learning as much as possible about REI on biggerpockets.com. I plan to focus on a buy and hold strategy for residential real estate. Within the next year, I plan to purchase my first MFH or SFH.