Philip Coiro
Insurance Policy Question for a Flip
I am in contract on my first o flip property and have been pricing around a builders risk insurance policy. I’ll be the GC on the rehab and will be subbing out some specIalty trades, house will be a cash purchase.
O...
Jacob G.
Insurance policy for mortgages in Tampa
What type of insurance policy (regarding the house) should I require home owners of houses that I have mortgages on to acquire?
Charles Chiu
umbrella insurance policy across different state?
I just learned about umbrella insurance policy today and read over a few posts on it.Can an umbrella insurance policy covers properties in different states?Thanks
Weis Sherdel
Real Estate Insurance & Umbrella Policy
I am a novice real estate investor, and very close on acquiring my first rental property in Indianapolis. The long term vision is to own 10 SFR.My research here at BP tells me an LLC is not necessary, but then everyo...
Greg Todrank
Bank Asking for Life Insurance Policy
I have hit a threshold with my local bank for the amount that I have borrowed. They are now asking for a life insurance policy of $250k with them as the beneficiary.1. Has anyone had any experience with this?2. Ide...
Nicholas Hariprasad
LLCs and Insurance Policies( New investor)
Hey guys, I’m a fairly new investor and I’m looking to purchase 2 properties. I was told that if you wanted to put your property under an LLC, you would have to go through a commercial loan… although these are residen...
Kenton C.
First Insurance Policy - Your Thoughts BP?
Here is the replacement cost value policy I was quoted for a rental property that I bought for $71,500. The quote insures the property for 171,000$, and 500,000$ in liability. I am not operating under an LLC, and hav...
Anthony Gayden
One Property, Two Separate Insurance Policies
Recently I was contacted by my property manager about the roof on my property possibly needing replacement. The roofing contractor saw a lot of storm damage and suggested I call my insurance company to file a claim. A...
Stephen Thomas
BP episode about life insurance policy?
I’m throwing a Hail Mary here...Sorry about the vague post and forgive my lack of memory. There was an episode of bigger pockets where the guest talks about using insurance policies to fund or collateralize loans for ...
David Rawls
Insurance policy for flip with tenant
Hello all,My partner and I just closed on a house we intend to flip. One of the caveats of the deal was that the seller needed to remain in the house for a month while she moved out and found a new place.We're looking...