Kiran Alisam
Looking for insurance on 4 SFH rentals in Cleveland area
23 July 2018 | 4 replies
Personally I don't go with less than $300,000 in liability coverage on any of my properties.
Kyle Marek
Teacher Next Door Program Experiences?
22 February 2019 | 11 replies
New, but very committed to investing in rental properties to supplement my normal income.
Brianna Jackson
Newbie advice on financing a medium size multi-family (7 units)
11 June 2018 | 6 replies
With a commercial loan from a bank or credit union here you'd be required to maintain a Minimum DSCR (Debt Service Coverage Ratio).Let's say the bank tells you that you must maintain a 1.30x DSCR, not uncommon for a small multifamily loan like this.
Wiley Strahan
Real Estate Agent & Investment Opportunities Los Angeles
31 July 2019 | 16 replies
In the meantime I am positioning myself by studying online to take and get my RE license, pursuing a managerial position w/Federal Civil Service to supplement my pension.
Mike Conklin
Landlord forms from BP; Indemnification insurance in lease?
8 June 2018 | 5 replies
In most cases, I ask for around $100k in coverage.
Eddie Knoell
Need a good rental home insurance agent in the midwest
12 June 2018 | 3 replies
I have a tenant moving in 45 days after my home closing and they said they still will need to cancel my coverage.
Adam Webb
Negative cash flow refi?
5 December 2018 | 4 replies
They base value off comps but they probably still look at debt coverage service ratio
Charles H.
Swimming pool in small multifamily building
12 June 2018 | 7 replies
Contact your insurance provider and see what they will cover and the cost of that coverage before considering purchase.Unfortunately a pool has a negative impact on the bottom line not positive.
Douglas Andrew
1031 Exchange, 2 partner LLC, Into 2 Replacements, 1 Each Partner
11 June 2018 | 4 replies
The idea of replacing debt can work but you can always supplement with your own cash if you do not want to replace debt in a 1031.
Kyle Lauriano
Seeking a Large Multi-Family Apartment Deal, Yet Don't Have Much
15 June 2018 | 26 replies
Hard money might be an option to supplement, but the deal needs to cash flow enough to cover the debt service.