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All Forum Posts by: Thomas Sehon

Thomas Sehon has started 8 posts and replied 13 times.

Post: Umbrella Insurance Policy vs LLC

Thomas Sehon
Pro Member
Posted
  • Posts 13
  • Votes 3

Just curious everyones thoughts on using an umbrella policy vs an LLC especially with an expanding portfolio?

thank you in advance!

Post: Best insurance companies for a long term rental

Thomas Sehon
Pro Member
Posted
  • Posts 13
  • Votes 3

Hey all! 
just looking to get some advice on the best companies out in Denver for homeowners insurance on our rental. Thank you in advance!

Post: Best home inspectors near Beaufort SC

Thomas Sehon
Pro Member
Posted
  • Posts 13
  • Votes 3

Hey all, 

Looking to get a short list of trusted home inspectors near Beaufort South Carolina. We will be buying the property site unseen and want someone very thorough that can get to the property relatively quickly after we decide. 

Thank you all in advance!

Tom

Post: Private lender vs bank for fha first property

Thomas Sehon
Pro Member
Posted
  • Posts 13
  • Votes 3
Quote from @Patrick Roberts:
What can you tell me about the one for all of SC? We are looking at Beaufort. Will this only work for a conventional loan?

Quote from @Thomas Sehon:

We only have the liquid funds to put 3.5% down for the area we are looking which is why we are thinking FHA.

We are considering sun west mortgage but open to other suggestions.


3% down with Conventional is possible in some scenarios. There are also two solid downpayment assistance programs - one for Columbia specifically and one for anywhere in SC. I recommend exploring all your options as FHA has a nasty upfront fee and permanent mortgage insurance. I'm happy to take a look at this for you - just DM me.


Post: Private lender vs bank for fha first property

Thomas Sehon
Pro Member
Posted
  • Posts 13
  • Votes 3

Thank you Chris! Definitely a novice with all of this.

Post: Private lender vs bank for fha first property

Thomas Sehon
Pro Member
Posted
  • Posts 13
  • Votes 3

We only have the liquid funds to put 3.5% down for the area we are looking which is why we are thinking FHA.

We are considering sun west mortgage but open to other suggestions.

Post: Private lender vs bank for fha first property

Thomas Sehon
Pro Member
Posted
  • Posts 13
  • Votes 3

Hello all,

We are looking to apply for our first loan and they’re wondering if it is best to go with a private lender or a bigger bank. And would love to understand anyone’s perspective on the differences or what they tend to prefer or look for.

Thank you in advance!

Post: Property manager recommendations Beaufort SC

Thomas Sehon
Pro Member
Posted
  • Posts 13
  • Votes 3

Hey all,

Looking to get a short list of property managers you all trust in Beaufort or Florence SC. 

Thank you for your time!

Post: Beaufort vs Florence

Thomas Sehon
Pro Member
Posted
  • Posts 13
  • Votes 3

Hello all,

I understand that opinions may vary and depend on goals and circumstances but I just wanted to hear some experienced local investors weigh in on a first rental property investment in Florence vs Beaufort SC?


thanks for your time!

Post: Mold tests in the south

Thomas Sehon
Pro Member
Posted
  • Posts 13
  • Votes 3
Quote from @Patrick Roberts:

Not very common to have mold testing completed. If it's spotted by an inspector during an inspection or the CL100 (pest inspection), it will be noted in the report. Typically, if there is a mold issue, it will be caught by the private inspection - if it's caught at all. Definitely a very humid environment, especially near the coast, so expect to deal with all of the issues that come with high humidity - termites, bugs, mold/mildew, wood rot, etc. Crawlspaces/subfloors are particularly bad about humidity and moisture issues. 


 Whats the best way to get an inspector that catches these issues? Additionally how do you best protect against them long term?