Chattanooga TN Flip insurance

[Stephen Bernard]

Hey Team!

New to the game and have my first flip under contract. I'm in need of an insurance policy while holding the property- my team is using hard money. I expect the time between close and sale to be 3-4 months. 

Any referrals or direction are appreciated!

[Michael Plante]

Originally posted by @Andy Sabisch:

Be careful about the estimate between you closing to buy and you closing to sell.  Better to over estimate than come up short . . supply shortages are impacting most of us and your people will be no different.  You will want vacant dwelling insurance with is different than what we use for rental properties that are occupied.  If you are using contractors, ensure they are licensed and carry insurance otherwise you can get sued if they get hurt on the job.  We used to go for the lowest priced contractor and thankfully were lucky nothing ever happened but have heard enough horror stories that we will pay more to get that assurance.

By the way, looking at your picture, thanks for your service!

 Agreed 
something as simple as getting appliances delivered from Lowes or Home Depot got delayed TWO months 

I no longer even include appliances in my flips Anymore because if this .  Just give a credit to the buyer