All Forum Posts by: Alex Failaev

Real Estate Investor meet up! Come hang out with other real estate minded people, share experiences and lessons from this past year and your goals for 2022!This is an open invite. Please feel free to bring spouses/significant others and also invite other friends that are interested or in the business!

Hello everyone!

We have property that is currently vacant and it is under renovations. We have purchased builder risk insurance to cover this property while under construction. 

We did not look into the policy too much, and now we know its FL-1- which is the basic insurance. 

Per the insurance company, this policy does not cover water damage from a broken or a leaking pipe.

My questions are:

1. What type of insurance do you use for a flip or a vacant house while under renovation?

2. Do you have an insurance agent/agency in the Maryland market that you recommend? 

3. Have you had any success/failure using the FL-1 policy?

Thanks for the help!

@Brandon Terry- send me a DM if you have more question.

Thanks

@Brandon Terry- this just came up in my feed.

We are local investors and we also a licensed and insured GC who work with other investors in the area. I’ll send you a DM as well

That's great news! I think once people know that you are doing this kind of work, and you can show them some of the projects, more deals will be coming your way :)

Have not had the chance to work with government agencies for grants or a like, but in small towns you might have some luck with city council/mayor/city manager. 

Alex

@Alex Archer

We would love to have a meetup :)

@Christian Fletcher Hey!

Yes there are quite a few investors here. We have a nice little group. What’s your story :)

@Kenneth Jester

Don't have a great one yet - but if you have any deals we are interested! We are located on the eastern shore doing BRRRR

@Alex Archer @Rebecca Salazar

I just sent an email with the zoom information, see you at 6pm :)

Links sent for zoom meeting tomorrow at 6pm. If anyone didn’t get it please let me know! Password for meeting inside the link.