All Forum Posts by: Jim White

Hi All,

I am getting into house fix & flip and BRRR in the Philadelphia, PA area and want/need to procure insurance for my business(es). I'm starting with fix & flip and will be the CM/GC on all projects, so I know I will need builders risk and other insurance, whether temporary for a project or continual if I flip frequently enough, not to mention owner's/landlord insurance.

Does anyone have any good recommendations for Insurance Companies (serving PA) catering to RE Investors, Contractors, and Small Business? I'm looking for A-rated firms that have been around for a long time and understand our business needs.

I've seen a similar topics in the forums, but the ones I've found are pretty old.  Hopefully this new post will provide current info for others getting started as well

Thank you!
Jim

Thank you, Rich.  I will check them out.

Jim

Hi Folks,

I'm preparing to launch into some real estate investing, specifically flipping and BRRR to start. I'm looking for good banks in the Philadelphia area (can be national banks) that support small businesses and also real estate investors. A "good bank" would provide favorable conditions and terms for small business loans, real estate/property loans, and development loans, e.g., for flips, or BRRR, small multi-tenant purchases, etc. I would not include hard money lenders as standard small business banking banks, though I will likely use them for specific projects if they support a project appropriately and competitively.

If anyone has strong recommendations, or recommendations that I'm not going to get from a basic internet search, I appreciate a reply or direct message.  Basic internet searches turn up Wells Fargo, Chase, Bank of America, & Capital One.

There's also a 2-year old thread on here from Parker Russell that had some good points in it, but not really strong recommendations for specific banks and why, although one point made was to just ask at my personal bank account bank.  I will try that one too.

Thank you for reading and in advance for providing some insight.