The insurance companies look at the amount of claims in a region and base premiums on the losses in that geographic area.I'm sure repetitive claims could be an issue.Having dealt with multiple insurance companies, as a roofing contractor, I can tell you State Farm was by far the easiest to work with, and far less stringent than other companies I dealt with.

Hello,Residential RE investor from NY looking for a realtor referral the North Carolina triangle region.

I'm trying to build a relationship with a lender in Michigan.  Hopefully I can find a lender that is portfolio and is not selling my mortgage off.Thank you for any recommendations.Rafel

You'll need to find a partner here in the city who works well with outsiders yet has the regional knowledge and connections to get you to the right local banks/credit unions, put solid workmen on your job sites, and play nice on your behalf with all the various code enforcement entities in the idiosyncratic governmental arrangements of Allegheny County.

Technically could have been purple crayon if it was legible.

But if you have 30... 40... 50 properties, the 50% (+/- %5 depending on geographic region) is a reasonably good measure over the first decade of ownership. the 50% rule of thumb does not consider debt service.

I always recommend looking for local or regional banks that have a strong commercial loan department.

its understood that people want to live near the coast and water etc, but its going to increasingly become uninsurable. already we are seeing way more flooding in coastal areas in Southeast US, and the sea level is ONLY going to rise further.I've debated in my mind many times about taking some coastal regions entirely off my investable markets criteria due to massive problems with the insurance markets in the coming 10-20 years.Houston...

However in the interim I'm really focusing on building relationships with people in the industry around the Washington/ Oregon region and then jumping into a project to kick start my real estate investing career.

That is, if all the similar properties in your area are offering appliances, you probably have to as well in order to compete (otherwise, you could lose out on good renters and have long vacancies).But I was struck by the variation across geographic regions in the US...