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Updated almost 2 years ago on . Most recent reply

Jeff Sullivan's profile image
Jeff Sullivan's profile image
Jeff Sullivan
  • Rental Property Investor
  • from Dothan, AL
  • Member since Oct 16, 2020
  • Posts 32
  • Votes 10
  • Experience 17 Yrs
  • Investments 2
Connect

User Stats

32
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10
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Jeff Sullivan's profile image
Jeff Sullivan's profile image
Jeff Sullivan
  • Rental Property Investor
  • from Dothan, AL
  • Member since Oct 16, 2020
  • Posts 32
  • Votes 10
  • Experience 17 Yrs
  • Investments 2
Connect
Jeff Sullivan
  • Rental Property Investor
  • Dothan, AL
10
Votes |
32
Posts
Innovative Strategies

Hazard insurance and sub 2 transaction

Jeff Sullivan
  • Rental Property Investor
  • Dothan, AL
Posted

Recently closed on a sub 2 deal. What's the best way to ensure I am protected by hazard insurance without bringing transaction unwanted attention by the mortgage company.

  • Jeff Sullivan
    • Birmingham, Alabama
    0 Votes
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    Curt Smith's profile image
    Curt Smith's profile image
    Curt Smith
    • #4 Innovative Strategies Contributor
    • Rental Property Investor
    • from Clarkston, GA
    • Member since Aug 7, 2012
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    Curt Smith's profile image
    Curt Smith's profile image
    Curt Smith
    • #4 Innovative Strategies Contributor
    • Rental Property Investor
    • from Clarkston, GA
    • Member since Aug 7, 2012
    Connect
    Curt Smith
    #4 Innovative Strategies Contributor
    • Rental Property Investor
    • Clarkston, GA
    1,918
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    Curt Smith
    #4 Innovative Strategies Contributor
    • Rental Property Investor
    • Clarkston, GA
    Replied

    The borrower MUST be kept on the new policy, adding your name/llc.  You must cancel the occupant/owners policy and replace with your landlord/rental policy.

    PLEASE connect/PM me for my free sub to training doc with all needed doc examples needed to properly manage the lender/ ins etc post closing. IE You need a POA power of attorney etc etc.

    Good luck, curt

  • Curt Smith
  • [email protected]
  • 678-948-7151
    • 2 Votes
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