Bradon Grondel
What qualifies for new Fannie Mae 5% Multifamily?
18 December 2023 | 7 replies
If you are concerned with having protection and not being able to hold your property in an LLC, get an umbrella insurance policy.Side note- not sure who you’re working with as your real estate agent, but @Josh Green is the go-to investor/investor focused realtor in the area that has helped many clients of mine in the past successfully house hack.
Ellen Nodine
In need of advice for an accidental real estate investor
11 December 2023 | 5 replies
We don't have them set up as LLCs but do have a generous umbrella policy.
Fred Stevenson
to leverage or not to leverage
26 November 2014 | 5 replies
We maintain adequate insurance, including a $1M umbrella policy.
Gaurav Mehta
Does converting Garage to ADU reduce rent for main house
30 December 2019 | 5 replies
However, in areas where people may be more used to a multi-family type living situation and are fine with street parking, I don't think you'll see much if any reduction in rent.Personally I set up a separate entrance to the property down a side of the main house and made it clear that the properties had dedicated outdoor yard space.
Mark Keeler
Input for Analyzing Deal In Missouri
24 January 2020 | 7 replies
Sleeps 4 - 6.More room for 8 - 10 more cabins.Sewer and electrical in place.Each cabin will rent for $250 a week for long term rental or $225 a night, furnished, depending on the season.1Presently bringing in $780 a week.2015 property was producing $140K a year.For $8K to $10K building expenses per cabin, the investment will pay off quickly.Popular outdoor getaway area with lots of canoeing, kayaking, fishing, hunting and hiking.Owner bought land in 2011.Well house built, but cabins use city water and city sewer.Great business potential in an ideal setting.Owner financing for qualified, serious buyers.
Archelle Williamson
In NC, How do I purchase my first rental property using an LLC?
21 September 2018 | 9 replies
Then if you have significant (like more then 1M assets) you can add an umbrella policy for another 2-3 million in coverage
George Red
Recommended umbrella insurance providers
14 December 2023 | 2 replies
Because of the moratorium of writing new business in CA I cannot leverage my "normal" insurance carrier for an umbrella policy.
Erick Caffarello
Insurance options on rentals w/water/sewer backup coverage
17 January 2018 | 2 replies
Also would like to discuss other options - umbrella policies, auto, etc.
Cesar Merino
Living in California, buying rental property Cleveland OH
13 January 2020 | 10 replies
If it's simply to "stay anonymous" from an ownership perspective that's understandable...but if it's for protection you can also get a lot of that from an umbrella policy.
Katharine Gonzalez
Analyzing STR using spreadsheet
8 October 2023 | 15 replies
In the Northeast there are lots of areas with year round interest - hiking and outdoors in the summer, skiing in the winter.