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Updated 3 months ago on . Most recent reply

User Stats

30
Posts
4
Votes
Jan Fensterer
  • Real Estate Broker
  • Albuquerque, NM
4
Votes |
30
Posts

Realtors when you fix and flip- Do you then list the property yourself?

Jan Fensterer
  • Real Estate Broker
  • Albuquerque, NM
Posted

Hi There-

Some feedback would be great- Do you Sell the house yourself or do you engage another Realtor to do the sale and keep it at arms length in order to reduce any liability? Also, other than RICE insurance, do you pick up any additional liability insurance in case something goes south with the deal and there is a liability issue?

I have flipped about 8 homes, we had a plumbing issue on the last home that finally got resolved....but could have turned south if it was not. I was the Listing Agent.

Lastly, who do you insure the property with while it is getting rehabbed ? 

Thanks in advance

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