All Forum Posts by: Arlan Potter

See a local independent agent, tell them the flat insurance rate you want to insure your units for. It should be at least 80%of the insurance rated value, add 1 million liability per unit. They will shop your portfolio to several companies to get you the best deal. You basically self insure for replacement cost. I have been doing that for many years.

Get a degree Enjoy the experience You have your whole life to work

Read the book "Buy it, Fix it, Sellit" by Myers

If they ask only $140 then that is what it is worth. Be carefull

When you have 50 units When you think you need more than simple insurance to protect free and clear personal assets.

The banks will shut you down.. I had 6 at one time, and then got one commercial loan to take the 6 out. Then many more commercial loans

To get the 2% rule, you wouldn't want to live there. You don't need a GC buying turn key properties and don't buy rehab properties if you are not there to supervise.

I am going to a COW/Calf Boot camp. $100.00 I would not go to a high dollar RE boot camp or seminar. Learn on your own

I would have an attorney prepare it for you. Why do you need an LLC? What do you own that needs to be in an LLC

I have no clue what you are talking about,