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Updated over 7 years ago on . Most recent reply

Kristen Ray's profile image
Kristen Ray's profile image
Kristen Ray
  • Rental Property Investor
  • from Ellicott City, MD
  • Member since Nov 22, 2017
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140
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Kristen Ray's profile image
Kristen Ray's profile image
Kristen Ray
  • Rental Property Investor
  • from Ellicott City, MD
  • Member since Nov 22, 2017
Connect
Kristen Ray
  • Rental Property Investor
  • Ellicott City, MD
20
Votes |
140
Posts
General Real Estate Investing

Residential Property Insurance

Kristen Ray
  • Rental Property Investor
  • Ellicott City, MD
Posted

Hello BP!

We are new to REI. We are currently forming a LLC and will start with flipping residential homes in our local area. We are considering using hard money lenders to finance a few flips. With that being said, what has you experience been with attaining property/home owners insurance while the property is in your possession? Traditionally, insurance and taxes are paid via escrow. How does that work with hard money/personal loans?

Please share

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