All Forum Posts by: Dave Lin

H03 is for owner occupied houses, up to 4 units with 1 of the unit you living in.  So a 4 or less unit house and you living in one of the unit is fine.  The thing in your case that is a sticking point is the duplex and the carriage house are separated.  So depending on the insurance company your broker put you with, they might require 2 separate policies.  Your broker would be the best person to know if the company he put you with is OK with it.  If it is a concern, have the 2nd broker put it in writing that he asked the insurance company and they are OK with writing a HO3 covering both houses.  

PA insurance agent here.  You using an excess and surplus carrier.  In this case Lloyd's of London.  Basically it means exactly what it said, the PA guaranty fund will not be paying for your claims if Lloyd's goes insolvent.  Not your agent, but I had personally wrote a few policies with them and don't have any concern of that happening.  

Disclaimer: All comments are personal opinions and there is no client relationship.  Use at your own risk.

Welcome @Bob Susko, glad to another Lehigh Valley investor on BP.  Keep in touch.

@Jackie E.

Hi and welcome to Bigger Pockets.  I am in the Lehigh Valley area too.  Bigger Pockets have great information to start off from.

@Van Tran 

Hi and welcome to PA.  I heard Reading is a good area for RE investments as they got some cheap houses.  

@Dana Yaglowski

Also interested if you want to shoot it over my way too.

Welcome to the site and I want to chime in too that you can save the money on the seminars by reading through the Bigger Pockets site. Good luck!

Hi,

@Summer Brantner I am interested if you ever got any deals in eastern PA.

Welcome and good luck!  Don't be afraid to ask questions.

If you post the numbers people here can help figure out if it is a good deal. I am from around the area (Lehigh Valley) too.  Good Luck!