Nan Li
Realtor/Investor/Architect from DFW
21 October 2016 | 25 replies
I feel architect and realtor are two interesting professionals under the big umbrella of RE.
Logan Hicks
New to Real Estate, lookin for guidance
5 October 2015 | 1 reply
Moved on to defense contracting, and finally started my own businesses.One of my businesses is a successful landscaping company, and I would like to evolve it into a property management company.I have spent roughly 4 years studying real estate investing, and I would like to finally move into making my first investments now that I feel that I properly understand the cradle to grave process of real estate investing.So far I have lined up the following:-Hard lenders-General contractors-Electricians, Plumbers, Carpenters, Floor specialists, HVAC specialists, Roofers-Mortgage and Insurance brokers-Attorney-30+ real estate agents-Web based database software for investment portfolio tracking-24x7 call center (intergrated with my landscaping call center)-Access to Pre Foreclosures-Access to a Bank that will let me have up to 10 loansMy Strategy:Purchase price between: 20,000-200,000Property Types: Duplex, Quadplex, Multifamily, Condos, Room rentingMaximum Purchase Point: 65% LTV, 55% ARVMinimum NOI: 10% year over yearLocations: Military Presence, DoD Presence, College Presence, Major Job Hubs20% Cash Reserves of Notes (2,000-20,000 per unit)8% of value of properties for repairs (4,000-16,000 per unit)3 years of taxes (1,500-6,000 per unit)3 years of HOAs (600-1,500 per unit)Exchange Strategies:-368 Exchange-1031 ExchangeStructuring:-S Corp Parent Company-LLC Holding CompaniesInsurance:-Standard GL, Flood, Fire, Natural Disaster, Tenant Insurance-Umbrella PolicyWhat Im looking for:Id love to have some guidance that could push me through the crawl, walk, run process into the Real Estate industry.
Justin Trudell
Worcester, MA Insurance Company???
16 February 2019 | 6 replies
They were able to get us an owner occupied home owners policy and umbrella insurance for half of what usaa was proposing.
Mala S.
How to choose a mortgage lender?
3 June 2014 | 9 replies
An independent loan officer who was referred to you by an accountant or a realtor is really going to have to perform (under the gun) so they can keep the referral partner looking like a super star as opposed to online lenders or retail loan officers who collect leads from the marketing umbrella of a big bank or big company.
John Welchen
Separate LLC for Rental Property and Property Management Co.
29 June 2018 | 4 replies
And I forgot to mention, no, an umbrella insurance is not the same thing :-)
Damian Howard
A 1 Stop POLICY
10 March 2018 | 2 replies
Someone mentioned that you should possibly look at getting an umbrella insurance policy on yourself once you get into owning multiple properties.
Taylor Howes
Do you need a company name ?
12 September 2014 | 11 replies
Yes, get an umbrella policy.
Gary Waldron
Ready for the leap from Tacoma, Wa in the Great Pacific Northwest
4 March 2015 | 15 replies
If you still want additional protection, get a million dollar umbrella insurance policy - mine is just under $20/month.
Granville L.
Real estate lawyer
23 October 2012 | 1 reply
We are wanting to gain information about incorporating, an insurance umbrella, rolling all our properties into an LLC, and protecting our personal assets from a lawsuit.
Anh Le
Landlord Insurance for Property Under LLC
23 January 2023 | 9 replies
Your personal umbrella is the next safeguard.