All Forum Posts by: Patti Premo
Patti Premo has started 1 posts and replied 4 times.
Post: Very first flip - COMPLETE!

Patti PremoPosted
- Rental Property Investor
- Bonney Lake, WA
- Posts 4
- Votes 1
@Steven Rubino. Looks Amazing!! Nice work!!
Post: How are distresses properties insured

Patti PremoPosted
- Rental Property Investor
- Bonney Lake, WA
- Posts 4
- Votes 1
We buy rehab homes. We have used Farmers insurance.
On a few homes we needed to show documentation of upgraded electrical panel and plumbing once the work was completed on the property.
Our agent has always been helpful through the process. Sometimes the premiums are a little more until the updates are completed. There may have been a time line to complete the work.
Hope that helps.
Post: Starting out as a flipper/investor

Patti PremoPosted
- Rental Property Investor
- Bonney Lake, WA
- Posts 4
- Votes 1
Thank you Shane!! That is very helpful.
Post: Starting out as a flipper/investor

Patti PremoPosted
- Rental Property Investor
- Bonney Lake, WA
- Posts 4
- Votes 1
Hello,
I am Patti and fairly new to BP. Love reading all the different posts and information. Have learned a lot.
My husband and I have a few flips under our belts.
I just have a few questions to ask on what would be the best direction to go.
Those of you that are seasoned investors- how have you set up your business? S corp or LLC. Our accountant suggested S Corp.
Bringing on Partners? I.e. With construction back ground and no financial investment, they help with fixing up properties with a small income and then bonus after property closes.
I'm working on getting my RE license. And will work at a RE office. Not sure how that will effect our business once it is fully set up. Basically our construction and homes we acquire will be through our business and I'll list them through the RE office. Is this a conflict?
Hope these make sense.
Happy investing everyone!! Patti