Updated over 8 years ago on . Most recent reply
Residential Property Insurance
Hello BP!
We are new to REI. We are currently forming a LLC and will start with flipping residential homes in our local area. We are considering using hard money lenders to finance a few flips. With that being said, what has you experience been with attaining property/home owners insurance while the property is in your possession? Traditionally, insurance and taxes are paid via escrow. How does that work with hard money/personal loans?
Please share