I think I would be sure to take someone along as there is some safety in numbers.. especially if you come with an extra person unexpectedly.

I am sure the extra $150 upset you but if you really understood the situation it is probably a good thing for the consumers in your state.

The Home is worth for sale for 150k And worth 280k-340k ARV...every other house next to it is worth close to 400k...If I ran all the ground work and presented the deal on a silver platter for the buyer to just sign and buy STILL CHEAP...With out dealing with the extra BS in certain sense it will become a FSBO after I lock up the deal and prepare to sell...Isnt That the purpose of a wholesaler To eliminate the head ache for the end buyer and get them cheap houses?...

Should I tie the extra coverage to the house - or get a separate personal umbrella policy?

So in this case, I switched my coverage to 100k - enough to pay off the loan plus a little something extra to take care of any lot demo.Then I figured I would end up with a lot free and clear.

I will get my $35,000 back so it will essentially be $0 down, I will have the house, still have some equity, and have extra cash in hand for any unexpected vacancy or to use as another down payment later on.

The difference in interest is usually only around 0.5%, but in return you're agreeing to make this extra principle payment for 15 years.

In years past, ive had need of extra space for toys, tools, equipment, and when my hobbies outgrew my shop space.

Currently my tenants' payments on my mortgage (even without extra) pay more on principal than interest.

Truth is though, the education for those that want to become loan officers, is about on par with that of the real estate schools that just pump out diplomas.