All Forum Posts by: Patricia Bisciotti

Any thoughts on what insurance company to call in florida for homes that have roofs over 12 years old? Roof is in perfectly good condition. Any companies that do roof exclusions? Insurance costs have skyrocketed  and it's making the rents go way up. Becoming very unaffordable for many tenants. Florida needs to get a handle on this.

Good morning, Jim. I'm terrible about staying active on BP community as well, however I do listen to the podcasts weekly. My husband, Bernie, and I started investing in buy/hold properties in Ormond, Daytona, South Daytona in 2015 and have been working full time at it. We've been so busy just growing our business that we haven't really had time to network with too many other investors. We'd love to set up a time and perhaps get coffee or lunch if that works for you. 

Have a great day!

Thank you Jared and Melvin. I greatly appreciate the response!

I have several fully paid rentals and would like to cash out/refi to buy more. I have excellent credit. I'm running into a wall with lenders telling me I have to pull properties out of LLCs to do the transaction then transfer it back. I'm worried about the legality of doing that and have heard the bank can call the loan due. Also, I'm hearing that if a property is in an LLC, you can only do "Delayed Financing" meaning that the property has to have been purchased within the past six months and then you're only eligible to pull out 70% of the purchase price and in this scenario you still have to take the property out of the LLC. How are investors successfully utilizing the BRRRR strategy when facing the roadblock I'm encountering? Any advice would be appreciated. Thank you Bigger Pockets members!