All Forum Posts by: Viktor R.

Kevin thank you for sharing your knowledge. Also, I would agree with you regarding Farmer's home owner's insurance. We've insured numerous houses with Farmer's and have always received excellent service. We've never had to file a claim, so I cannot speak about that part of the process.

Building on the last post with a listing of Title Insurance Companies in Washington. Here is a fairly long list of home owner's insurance providers in the state. Remember that as an investor it's absolutely critical to protect your properties and get them insured in a timely manner.

For those who are new to real estate, here's a short definition: Home insurance, from Wikipedia, also commonly called homeowner’s insurance (often abbreviated in the US real estate industry as HOI), is a type of property insurance that covers a private residence. It is an insurance policy that combines various personal insurance protections, which can include losses occurring to one’s home, its contents, loss of use (additional living expenses), or loss of other personal possessions of the homeowner, as well as liability insurance for accidents that may happen at the home or at the hands of the homeowner within the policy territory.

PEMCO Mutual Insurance Co.

800-467-3626

Amica
866-286-9968 | 800-652-6422

Duncan & Associates Insurance Brokers
360-352-7588
360-352-7588

Leslie Tripp
360-629-4304

Grange Insurance Association
[email protected]
206-448-4911

Mosaic Insurance Alliance
425-320-4280

Nicholson & Associates Insurance, LLC
[email protected]
360-352-8444

Secord Insurance Agency
[email protected]
206-783-4024

Libke Insurance Associates, Inc.
888-902-1800

Liberty Mutual Insurance
askliberty@libertymutual.com
888-398-8924

State Farm
855-733-7333

Nationwide
877-669-6877

Farmers Insurance
800-435-7764

MetLife Home Insurance
509-747-2531
[email protected]

Foremost Home Insurance
800-527-3905

Progressive Home Insurance
800-776-4737

Armed Forces Insurance
[email protected]
800-255-6792
Travelers Home Insurance
866.522.1338

Allied Home Insurance
800-282-1446

Horace Mann Home Insurance
800-999-1030

Electric Insurance Company
800-227-2757

Encompass Home Insurance
[email protected]

21st Century Home Insurance
[email protected]
866-447-2611

GEICO Home Insurance
509-328-1422
[email protected]

Ameriprise Home Insurance
[email protected]
888.239.9953

Country Financial Home Insurance
[email protected] | [email protected]
866-268-6879

Commerce Home Insurance
[email protected]
800-221-1605

American Modern Home Insurance
800-543-2644

Assurant Home Insurance
800.852.2244

Homesite Home Insurance
[email protected]
800-466-3748

American Strategic Insurance
[email protected]
866-274-8765

Universal of North America
[email protected]
866-458-4262
Century-National
800-733-0880

Safeco Home Insurance
877-762-3101

Fireman’s Fund Home Insurance
[email protected]
866-386-3932

Northwest Insurance Group
206-932-2500

Merrill & Merrill Insurance
206-906-9590

Paragon Insurance Partners
206-935-0998

Western Pacific Insurance Group
[email protected]
425-361-7454

Sav-On Insurance
(253) 301-1180

Vern Fonk Insurance
253-943-2210

Toso Insurance Group
253-447-7212
[email protected]

All Pro Insurance
253-517-8413

Brian D Simpson Insurance
253-475-7700
Ararat Insurance Services
206-248-5615
[email protected]

Rainwater Insurance
253-927-4789

Insurance West
253-446-1300
[email protected] | [email protected]

Sound Business Insurance
253-858-9988
[email protected]

Bell-Anderson Insurance
425-291-5200

Dykman Insurance Agency
253-797-4989

Country Financial
253-752-5550
[email protected] | [email protected]

Dan Marek Insurance
253-537-4000

Argonne Insurance Agency
509-921-6809
[email protected]

Andre-Romberg Insurance Agency
509-624-3291
[email protected]

All Lines Insurance Inc
509-624-5110
[email protected]

Magnolia Insurance Agency
206-284-4886
[email protected]

Mona Freeman
206-722-8881

Western Pacific Insurance Group
425-361-7454
[email protected]

Paragon Insurance Partners
206-935-0998

Michael Wong Insurance Agency
206-284-0171
[email protected]

Secord Insurance Agency
206-783-4024
[email protected]

Anthony, Baker & Burns
509-468-9991
[email protected]

Shea Insurance Agency
509-838-2759
[email protected]

Accurate Insurance
509-456-8993
[email protected]

American Family Insurance
509-927-4300

Country Financial
509-228-9125
[email protected]

The Insurance Guys
509-532-0388
[email protected]

Buck & Affiliates Insurance
509-484-6441
[email protected]

Gvi Corporation
509-328-5800

North Town Insurance
509-483-3030
[email protected]

Finders Insurance
509-466-9611

All Lines Insurance
509-327-1658
[email protected] | Randyalllinesinsure.com

Stintzi Insurance Inc
509-922-4618
[email protected]

Kerner Insurance
509-464-0023
[email protected]

Century Insurance Agency
509-924-4424
[email protected]

Lynn Insurance Services
509-927-2275

Balderson & Hebert
509-327-1171

Kraft Insurance
509-343-5555
[email protected]

Mount Spokane Insurance
509-467-8998
[email protected]

A B C Insurance
509-891-1515
[email protected]

Wilson Insurance Agency
509-327-5519
[email protected]

Bell-Anderson Insurance

509-465-1133

Sure thing Kim. I don't know about your experience, but sometimes with the more complicated deals, a large title insurance company like Chicago or FirstAm just isn't flexible enough and we have to go looking for a smaller company that actually wants our business.

Knowing the importance of title insurance in the real estate business, I came up with the following list of title insurance companies in Washington state. Please add to this if there are companies that I missed.

Title insurance, from Wikipedia, is a form of indemnity insurance predominantly found in the United States which insures against financial loss from defects in title to real property and from the invalidity or unenforceability of mortgage loans. The vast majority of title insurance policies are written on land within the United States. Unlike some land registration systems in countries outside of the US, the US states’ recorder of deeds generally do not guarantee indefeasible title to those recorded titles. Title insurance will defend against a lawsuit attacking the title, or reimburse the insured for the actual monetary loss incurred up to the dollar amount of insurance provided by the policy.

Unfortunately, Biggerpockets doesn't allow me to post phone numbers and emails so you can see the list on my blog.

https://iwillbuyhouse.wordpress.com/2017/05/03/list-of-title-insurance-companies-in-washington/

Dear Admins, 

I hope that this doesn't break BP rules. I am trying to help the community.

Giovanni thank you for sharing your opinion. Thinking about what you said, it seems to me that Everett is far enough from Seattle that it has it's own socio-economic climate and therefore the market there behaves somewhat independently of the Seattle market. For instance, there is a fairly large Federal government presence in Everett with the Naval Station and it's staffing and budget is disconnected from the fate of the tech giants in Seattle.

However, I agree with your analysis that if Boeing continues on its path of engineering labor reductions in Everett, A & B rents will suffer. I supposed time will tell how deep the staff reductions will be.

Recently I've read the news of Boeing laying off several hundred workers at its Everett plant. Biz Journal article here. I am thinking to myself that layoffs come in waves and that this is just the first wave this year. Also, Boeing contracts support a large supply base in the Puget Sound area and that Boeing layoffs may be a forerunner of a slowdown of Boeing orders to its suppliers. Of course, job losses impact the ability of the workers to pay their mortgages and rents. So, fellow Puget Sound investors, what do you think about the news and do you think that these layoffs will significantly affect the Everett real estate market? 

Fix and Flip Opportunity In Olympia

The house is ready for fixing. Bring your tool belt and contractor. The bones are strong and needs some TLC. The labor involved is cosmetic and a good clean up job would do wonders. It once was a rental property but has potential to be turned into a great fix and flip home. This house is available as an assignment of contract.

PROPERTY INFORMATION

1. Address: 9625 Mullen Rd SE, Olympia, WA 98513
2. Bedrooms: 3
3. Bathrooms: 3
4. Square Feet: 2,142
5. Year Built: 1979
6. Stories: 2
7. Link: https://www.pellego.com/proformas/260361?share=WzI...

PICTURES

https://drive.google.com/open?id=0B3Pyzcv-B-goSGhn...

COMPARABLES

• ARV $389,000
• 10019 35TH LANE SE , OLYMPIA 98513 3/2 2176 $386,000
• 9542 40TH CT SE , OLYMPIA 98513 3/2 2045, $414,500
• 4705 YORKSHIRE DR SE , OLYMPIA 98513 4/2.25 $377,000

REHAB ESTIMATE

(Buyer to complete their own due diligence)

$32,130

PURCHASE PRICE

$199,995

ESTIMATED FLIPPER PROFIT

$30,000- $38,000

Located in a terrific neighborhood and school district, this home is perfect for some sweat equity or an investor looking for a rehab / flip. TLC is needed and there is tremendous upside once rehabbed. Potential to turn the basement into living space and make this house 5 bedrooms. This is a great project for a handyman to turn house in a great school district into a dream home.

Property Information

*Bedrooms: 3 (basement has 2 bedrooms. Once windows added, property can be considered as 5 *bedrooms)
*Bathrooms: 3
*Square Feet: 1,499 (once basement is brought up to code, sq. ft. can be increased)
*Year Built: 1974
*Stories: 2
*Link:  To property 

Pictures: Link to Pictures of Property

Comparables

ARV $222,000- $235,000

*BPO available upon request
*12104 N Washington St, 3/2 1752 sq.ft, $237,000
*11913 N Atlantic St, 4/2 3026 sq.ft., $217,500
*315 W Chatham Ct, 4/3 2650 sq.ft. $239,000

Rehab Estimate

*$25,000 (Buyer to verify their own rehab)

Purchase Price

*$160,000

Estimated Flipper Profit

*$18,000- $20,000

If you are serious about being a wholesaler business OWNER (NOT EMPLOYEE) then you need to check out Investorfuse. It's $197/month or $1970/ year which saves you 2 months. If you can't afford $1970/ month then you are not creating a business but work for yourself. I have come to realize this recently. There's another program call freedomsoft. Check it out for yourself.

Guys, stop creating work for yourself. Start working ON your business instead of IN your business creating CRMs from scratch. Paying the money for a CRM will make you money. 

I would encourage you to set up a chat with an invesotorfuse or freedomsoft rep and see which one is better for you.  DISCLAIMER: I am not affiliated with either company and I don't get compensated for referrals. DO NOT PURCHASE THIS CRM IF YOU DO NOT HAVE LEADS. We are all here to support each other and grow the greater community of real estate investors and entrepreneurs! Go get them!!! 

I would love to hear how you are all going. Let me know what you are up to and how many leads you guys are closing. 

@Ashton Youman, I'll send you an email. :-)