All Forum Posts by: John Miller

For 5 years I have been moderately successful in Fixing and Flipping SFRs.  I have completed 14 Flips and averaged net 20% on average of $150K. investment. Love the business aspect of Rehabbing, staging and selling of the homes.

What I don't love is finding the properties. I have bought REOs, Short Sales and a standard MLS listing. I can't find the margins in the Marketplace anymore.

Am I in a market that is extinct?

Here is an example of the last policy I got in South Florida: Builders Risk/Vacant Building: Structure covered for $128,000, $500,00 Liabilty, $500 Deductible, Windstorm Ded. 5%: Cost for 3 months $433 cost for 6 months $849.

I would always recommend getting Insurance and hope you never have to USE IT.