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All Forum Posts by: Thuy Pham-Satrappe

Thuy Pham-Satrappe has started 66 posts and replied 151 times.

Post: What type of insurance do you carry for your rentals?

Thuy Pham-SatrappePosted
  • Rental Property Investor
  • San Clemente, CA
  • Posts 160
  • Votes 34

@Matt Moylan I have a broker but I don't feel she is well versed in rental/ investment policies so I want to see what everyone else is doing to get a better understanding

Post: What type of insurance do you carry for your rentals?

Thuy Pham-SatrappePosted
  • Rental Property Investor
  • San Clemente, CA
  • Posts 160
  • Votes 34

Do you carry a Homeowner's Policy, a Landlord Policy, Fire Insurance, or another type of insurance for your rentals? I've heard so many different options I'm not really sure what to ask to be quoted.

Also- do you get a different/ separate policy while the property is vacant and being renovated?

Thanks in advance!

Post: Repair and maintenance budget on old property?

Thuy Pham-SatrappePosted
  • Rental Property Investor
  • San Clemente, CA
  • Posts 160
  • Votes 34

@Michael D. Thanks very much!

Post: Repair and maintenance budget on old property?

Thuy Pham-SatrappePosted
  • Rental Property Investor
  • San Clemente, CA
  • Posts 160
  • Votes 34

@Michael D. Given that this post was 7 years ago I'm curious how the numbers have panned out for you? I'm looking to purchase some older properties as well and have been wondering best practices for budgeting for maintenance and repairs as well

Post: Repair and maintenance budget on old property?

Thuy Pham-SatrappePosted
  • Rental Property Investor
  • San Clemente, CA
  • Posts 160
  • Votes 34

@Jeff S. This is very helpful thank you!

Post: Multiple property loan?

Thuy Pham-SatrappePosted
  • Rental Property Investor
  • San Clemente, CA
  • Posts 160
  • Votes 34

Is there such a thing as getting a conventional loan for multiple properties all at once (or in quick succession of one another?)

Looking to purchase several properties and was hoping to be able to finance some of them

Post: Financing more than 1 property at a time?

Thuy Pham-SatrappePosted
  • Rental Property Investor
  • San Clemente, CA
  • Posts 160
  • Votes 34

I am looking to purchase several properties at once. Where would I have the best chances of getting financing?

Blanket loan?

Private money?

HML?

Something else???

Anyone done (or attempted) something similar?

Post: Do you invest in high crime areas?

Thuy Pham-SatrappePosted
  • Rental Property Investor
  • San Clemente, CA
  • Posts 160
  • Votes 34

@Michael Ealy congrats on your success! Thank you for sharing!!

Post: Do you invest in high crime areas?

Thuy Pham-SatrappePosted
  • Rental Property Investor
  • San Clemente, CA
  • Posts 160
  • Votes 34

@Carl Pickens thank you. The resounding theme I'm hearing is strict screening of tenants (which is supposed to be a best practice anyway, whatever the area) and hands- on management.

Post: Do you invest in high crime areas?

Thuy Pham-SatrappePosted
  • Rental Property Investor
  • San Clemente, CA
  • Posts 160
  • Votes 34

@David Tsedaka love that idea!