All Forum Posts by: Chris Kuhlman

@Matt Moylan  Thanks for your response.  I've tried discussing with my agent about a master policy, but they are not knowledgeable about them.  I do not believe they have a lot of experience with investors, so it makes it challenging. 

Just curious how others handle property insurance on houses. 

I do the BRRRR strategy, almost exclusively, so when I refinance the bank always needs to see the policy with the house listed on the insurance binder - so maybe that is part of why a policy is needed for each house? (I am not an expert on insurance!!)

Hello Everybody,

I have 15 properties that are rented (split between multi unit and single family houses). I have an insurance policy (in my LLC name) for each property.

I was wondering if this is common, or is it better to have one Umbrella-type policy that includes all the properties, so insteadt of having to get a new house added to my existing policy, I would be able to just add a new house to an "umbrella policy"

Thanks!

Hello everyone,

My business partner and I use the BRRRR method almost exclusively to purchase properties, and I am a huge believer in this strategy. We have a business in the form of an LLC, and we have several banks that refinance the properties into the LLC (without it showing up on our credit reports.)

However, each time we refinance a property, both of us have to attend the closings and sign guaranties for the loans.  

Is there a way around this, or is this a common hurdle to overcome?

Thanks for your help.