All Forum Posts by: Jason Hartman

There are too many stories like this and this company operates under too many names (I think they're now called REI Guard) - it's too confusing and too scary that people are complaining about them not paying claims. What's the point of insurance at any price or terms if they won't pay your claim?

Thanks for the mention and I'm glad episode # 758 was valuable, @Kerry Baird

We would love to do business in Portland and other more expensive markets but you just can't make the numbers work with good RV Ratios (Rent-To-Value Ratio). We're doing a lot of business in the following metro areas:

• Orlando
• Little Rock
• Tampa (Port Richey)
• Quad Cities, Ohio
• Memphis
• Atlanta
• Indy
• Chicago outer areas
• Huntsville
• Montgomery
• And a few others

I hope this is helpful! 

Hi @Kevin Jorgensen,

There are many ways to profit with real estate but my favorite is the tried and true $120,000 single family house that rents for around $1,200 per month. There's a lot more to it that I discuss on my podcast but, with that as a guide, it's hard to go wrong. Happy investing! 

I've been interviewing several economists and institutional real estate investors since the election in an effort to understand the rather significant impact a Trump administration will have on real estate and the economy, in general. I still love conservative linear markets where properties rent for around 1% of the value per month. :-)

One additional thought, think back to the events after Hurricane Katrina and how the lenders put moratoriums on mortgage payments, the governments pressuring insurance companies to pay claims and pay them quickly, etc. When disaster strikes, I would much rather have a lender than be on my own with all my equity at stake. The people who owned their properties free-and-clear didn't get any of the benefits that the leveraged owners got. It's not fair but it is reality.  

In legal terms, the lender has no obligation to help you with your insurance claim; however, in practical terms if it is a large claim, the lender will have a interest in making sure you get paid so  their collateral is protected. I've been quoted as saying, rather offhandedly, that the best insurance is a high loan balance. Again there's a difference between the law and the practice in this area. Remember, there is absolutely no guarantee that the lender will help you with your insurance claim but if the claim is large they will have a real, vested interest in doing so.  I hope this helps clear things up.  Thanks for listening to my podcast, The Creating  Wealth Show, and happy investing! 

Thanks @Scott Radetich - Congrats on your inside deal and we're here to assist whenever needed. :-)

Everything requires a grain of salt… My opinion is included. ;-) 

@Michael Florence,

@Will Pritchett is correct as Texas has a big variety of markets so it's best to zoom in and focus on one or two. We've have hundreds of investors in Dallas, Houston, Austin and San Antonio with stabilized properties but many of them purchased awhile ago and have appreciated properties that wouldn't offer the best rent-to-value ratios today. This is why we're doing more business in Indy, Memphis, select Ohio areas, Tampa, etc. nowadays. Best wishes on your investing journey!