when hiring a plumber or hvac guy or electrician I understand a need for them to carry insurance. I want a guy who is licensed, will warranty the work and carry insurance that will protect my property in case he...

What kind of insurance is needed for a fix and flip?

Hello everyone,I'm in the closing stages of purchasing my first investment property! Thanks to all of you who have helped me so far. It is much appreciated. I have a question on home insurance. Here is the link from w...

Hello,
I apologize if this has been answered several times already, but I was wondering about insurance on a house - when the investor is doing a "subject to" purchase agreement to buy a house in a pre foreclosure, an...

Hello BP

I recently purchased my 3rd rental property and this one was a shell which is getting a total rehab. I had to pay cash for the property because of my debt to income ratio. So me question is do I need...

I have a home in Indianapolis Indiana and the Flood Insurance keeps going up year after year, in just two years it has gone up 300 dollars.  From  what I understand this is regulated by FEMA, does anyone know how to g...

Hi, BP - when purchasing a vacant rehab property what type of property insurance must be in place at close of escrow?  I've been told a couple different things and want to be sure - one person said that renter's insur...

I'm a general lines Insurance Agent working in property and causality insurance for residential properties and interested in investing in real estate. I've been browsing the site reading up for some time now and final...

Do most of you insure your properties at real cash value or at replacement cost? Do any of you think it is worth the larger premiums to insure at replacement cost? My primary concern has always been liability from l...

We are 3 days away from closing and I get a paper that lists the things that I need to bring to closing. No problem until I see, "This property is in a special flood area" and you need "proof of flood insurance."

Th...