The Importance of Insurance and What Coverage Is Needed For
Channel: Real Estate Investing - Blair Halver & Jeff Kemmer
Date: 2019-12-27

Always have insurance before starting a business. Insurance is for your defense; the insurance company should write out the check to the lawyer, not yourself.  At one time or another, you will get sued.

In this business, you will want to be covered as the owner of a property and as a manager. Go to your insurance company and see what they have to offer. Usually, these coverages are combined in one. Remember, if you are the owner of a house, and something happens to someone in it, you will be responsible for that, so you better be covered for things that very often happen. 

Listen to the full episode: https://blog.blairhalver.com/dont-study-the-scripts-practice-the-scripts/

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We talk about the stats on our recent Facebook ad campaign 📈, a good way to get lots of leads and contracts 📄. Cheap cost per leads, cheap cost per acquisition, and cheap cost per deal with huge profit margins. We go over leading indicators and lagging indicators. There’s a new template in Google Drive with this Facebook ad model; go and take a look! 😉

We also talk about calling back on #Mojo, how to determine the #ARV, how much houses are sold for comparable to a subject property and price-per-square-foot approach, how to determine the cost for repairs, and what sort of work should an associate do.

We discuss adjustments everyone should do after Facebook’s recent changes plus news on two leads that have come from Facebook ads. 📣

Next is putting properties in a land #trust, resources for setting up a land trust and who could be a good trustee. We have an undesirable situation where a #holdover owner wants to stay in a house and how to deal with it, how to #negotiate when buying a property with a lease option, the importance of insurance and what coverage is needed for, the difference between subject-to and seller carry-back.

Finally, learn about firing a VA, making the first calls, and getting started.⚡️