Originally posted by @Brad Carrier:@Guy Yoes How exactly do you learn about private lending?

Your envelope or 'carrier' (direct response mail term) should be white or creme color. 

Just because they are putting more money down, doesn't mean that negates their 30k in unpaid child support, $3000+ to previous landlords, and $1000 each to 5 different mobile carriers.. hehe

The property was mixed commercial and residential and the carrier wouldn't cover mixed use.

I would think water like this against foundation could cause problems but I'm not a expert.Interesting what his insurance company would think. the Ice hazard is huge, but hard to find out who his carrier I bet, his insurance company could make him do the adjustment to the driveway. 

@Steve R.Most residential real estate agents are not going to be out scouting for ugly houses ... if one is dropped in their lap, they may bring it to you - or to an agent in their office who is willing to deal with it.You have a far bigger chance of finding your own: read the local classifieds and your provinces version of the Royal Gazette for foreclosure/mortgage/tax sale announcements; lace-up your runners and get in a morning 5-miler around the neighbourhoods of interest; talk to the postal carriers, etc.

I just wrote one in CT that one of our carriers for $400,000 RC was $100 less than the next best rate which was based on $110,000 ACV for the same property.

In a buy and hold situation, as long as the property is safe, you might be able to get away with doing less, whereas in a flip, you'll probably getting dinged on a home inspection and regret not doing the upgrades during the rehab process.In Florida, it is difficult to obtain a "normal" insurance policy through a traditional carrier without getting something called a 4-Point Inspection.  

Just shop them around with different carriers.

On the other side of it there could be a serious issue they see that you would want to get corrected.I write a lot with foremost and have my flips with them as they are accepting of issues other carriers run away from.