All Forum Posts by: Albert Kim

Thank you very much everyone for your insight and suggestions. I will keep looking around. It seems if I work with the insurance broker of a company and talk it through with them I can somehow get consistantly around the 1500 area for a triplex in my area. Thank you all again!! Keep the suggestions coming!!!

Good afternoon!

I am wondering if anybody has some insight on homeowners insurance that is not going to break the bank.  I am moving into a 3 Unit Multifamily property that i am closing on relatively soon.  I am shopping around for property insurance that seems to be rather high but is ranging from a big scale of anywhere from $1500 - $2200 a year.  The property is in the East Orange, New Jersey area. 

I would really appreciate the insight on some insurance ideas or tips and tricks to use when shopping around.  Is there a specific type of insurance that i should be looking for instead of a regular homeowners insurance policy?  

I will be 'house hacking' if that changes the type of insurance that i need to get.  

Hello, I am new to real estate investing and close to closing my first deal on a multifamily property in the NJ, East Orange area. I am very curious as to the must have or 'should do' rehab to either increase value in my home to possibly start using the BRRRR method or for basic tenant improvements. I would also like some suggestions on tenant improvement materials to use for floors/kitchens/bathrooms (anything really)

Biggest suggestion i can use is how i can make torn base board heater shields look new or replace at a good value.  

A little bit about the property:

3 Unit Property - 2X 3BD 1BTH, 1X 1BD 1BTH (one of the 3bd units has a balcony)

Property is roughly 2400 Sq ft

The price i bought it for is $315000 the initial appraisal for the property is a little bit more than that.  

-if any more information is needed please let me know.  

I would love to hear some thoughts and ideas.  Thank you very much!

Hello, I am new to real estate investing and close to closing my first deal on a multifamily property in the NJ, East Orange area. I am very curious as to the must have or 'should do' rehab to either increase value in my home to possibly start using the BRRRR method or for basic tenant improvements. I would also like some suggestions on tenant improvement materials to use for floors/kitchens/bathrooms (anything really)

Biggest suggestion i can use is how i can make torn base board heater shields look new or replace at a good value.  

A little bit about the property:

3 Unit Property - 2X 3BD 1BTH, 1X 1BD 1BTH (one of the 3bd units has a balcony)

Property is roughly 2400 Sq ft

The price i bought it for is $315000 the initial appraisal for the property is a little bit more than that.  

-if any more information is needed please let me know.  

I would love to hear some thoughts and ideas.  Thank you very much!