All Forum Posts by: Tracy B.

What area of town are you investing in? 

Yes, painfully we do required that claimed have to be closed before we can bind coverage on the SAME property.

   I talked to my underwriting department and they said because in order to calculate risks--they have to see the claim report completed.

  Although--if you work closely with your agent--you can ask them to work with underwriter about your specific case.  They can contact your current insurance to learn more about the claim and if they ok with what they see--they can go ahead and give you coverage. 

  For OTHER properties--I don't see a reason why they couldn't bind coverage you need. 

@David Zheng

   How did you know how much to put in an offer? did  you look at the comps around? What go through your head when you pull the plug?

 congrats by the way!! great first deal! 

Hello Marketplace People!!

   Need insurance for all your flips/rental and everything else in your life?

Call me at 206 303 9963 to get a quote for vacant home, builder risk and anything else you might need. Maybe better insurance for your real estate office? or Life Insurance?

I have:

Good rate

Fast delivery

Accurate and awesome coverage.

As your agent...I'll be available to you 24/7 to answer your questions  and give you the peace of mind you need to do other investing tasks!

Licensed in WA & OR

@jason 

@Jason Bott can you please share it with me please. Thank you! 

Thank you everyone--greatly appreciated! : )

    Looking forward to a much more exciting adventure with RE investing :)

I am an Insurance agent by day and real estate investor by night and weekend.  Before being an insurance agent I was working in the health care industry for almost a decade. After my first baby girl was born I needed a more flexible schedule to tend to my kid so I quit my wonderful pharm tech job and become an insurance/financial representative with COUNTY Financial.

I stumble into real estate investing by already having a rental once I got my married to my husband.  We both have our own home...and once we married we rent out the other house and start to see a little cash flow from the rental--so we start to ask how can we buy more houses to build our own empire.  One thing lead to another we start to study, look for opportunity to invest in real estate and so here I am.

Our goal is to buy and hold in the long run.

Right now our focus is in wholesale, flipping and learn more about the industry. 

Having a P/C license sure help with the whole process--as an expert in insurance industry is one thing I'm not worry about when insuring a project.  Beside that I have a lot to learn.

Love BP! I learned so much from so many people here.  Greatly appreciate everyone input and help.  Great place to learn!

I'm here to stay for good!

Cheers!

Try Foremost.com -- they insure vacant properties and you can do daily rate/weekly/monthly rate with them too I believe. Good luck.

Thanks Charlie!! I thought that if the person pass away the bank will end up with the property instead of their heir since they did a reverse mortgage. I need to read into it to understand it more. Thanks!

Hello friends!

  I'm was looking up on a property and the tax payer address is to a reverse mortgage company--what do I do with the lead? Move on to the next lead? ...