Do You Have A CLUE ?

This is my first blog post here. First let me say, I'm a CRE agent/Investor. I've been investing since the '70's. I love investors! Why, Real Investors bring Liquidity to the market. Investors are the ONLY WAY out of this down property market.

That said, I am critical at times of my fellow agents and I will take issue with conventional real estate practices. Now, to the meat of my post.

When you purchase an investment property, whether for hold & lease or rehab & re-sell,do you know if that property is insurable ? I don't know about you, but it's pretty important to me. How can you find out ???

There is a Data Base called :Comprehensive Loss Underwriting Exchange (CLUE). This data base containes a claims history of properties that are underwritten by property & casualty co's. The data base is compiled and run by ChoicePoint.

When you offer to purchase a property, during your due diligence period, insist that the Seller provide you a C.L.U.E. report. From my research the report cost a whoppinng $12.50. The Seller must request the report. The Buyer can not.

Check out this link:

Hope this can save you time and Money.