All Forum Posts by: Ben Guttman

I think this may  be happening in many states. But I see that the insurance rates are going up. I am in Florida and that is the case for inland and properties in coastal areas. Personal home and rental properties . 

Trying to figure out the best way to mitigate this issue. Do you have the same issue and how did you solve this?

I can start contacting brokers and fill out so much paperwork but not sure if there is any other way ? Kindly share your thoughts and suggestions. 

Hi there! My husband and I are new investors in the Baltimore area. We'll be BRRR'ing town and row homes. We hope to connect with other investors and would love recommendations for any property managers, short term and long term lenders, and especially contractors. Look forward to hearing from you! Thanks in advance!

Anyone ever considered investing in a commercial property located in a FEMA designated AE Flood zone?  I've got an opportunity to invest in one now and I'm not sure I want to take the risk.  The seller said the Floor insurance costs them $5,371/year and it has flooded one time in the last 5 years.  Anyone have any experience investing in properties in flood zones that could offer some thoughts on this?

FYI - The flood risk is a creek that runs along the side of the property that has been known to flood into the property on occasion.

Hey Matt,

You should need a builders risk policy. The cheapest I found was with Zurich/US Assure. They do my flips in NY, CT, and Pa and I've had success with them. May be worth looking into. I've done up to 4 unit properties with them, so you would need to verify if they do commercial. Hope this helps.