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All Forum Posts by: Leslie Purdy

Leslie Purdy has started 1 posts and replied 3 times.

Insurance

Post: Insuring a Rental while active lawsuit against old insurance co.?

Leslie PurdyPosted
  • Real Estate Coach
  • Melbourne, FL
  • Posts 3
  • Votes 1

Suing Universal Property

Havent tried Citizens

0 Votes
Insurance

Post: Insuring a Rental while active lawsuit against old insurance co.?

Leslie PurdyPosted
  • Real Estate Coach
  • Melbourne, FL
  • Posts 3
  • Votes 1

2 years ago, we found a water leak inside the wall.

We made a claim.  Universal denied the claim.

We filed suit against them.

Now we cannot find new insurance at all, so lender FORCED their insurance at $3200 per year.

Do you know of ANY insurance company that MIGHT insure us with the pending lawsuit? 

The lawsuit is on our homestead AND we are challenged to find insurance on our rentals!

0 Votes
Rehabbing & House Flipping

Post: BRRRR without proof of income?

Leslie PurdyPosted
  • Real Estate Coach
  • Melbourne, FL
  • Posts 3
  • Votes 1
we buy all properties in our Corporate name and then if we decide to keep the properties, we sell them to ourselves personally with a mortgage after renting them out with an assignable lease.
1 Vote