Insurance and Owner Financing with Randall Patterson

Описание: In today's video, Scott Horne is joined by Randall Patterson to discuss all things insurance on owner financing properties.

They cover how insurance impacts real estate deals, from understanding creative financing options to owning insurance policies. Scott and Randall also go over the risks of having inadequate coverage and the importance of knowledgeable agents.

If you need a great insurance company for your next real estate transaction, check out Sergeant Fifty Five Insurance & Real Estate! Randall and his team can help you out. 👇

https://www.sgt55insurance.com/

Scott Horne has been a real estate, title attorney, and investor for over 30 years. Over this time, he has purchased, rehabbed, and sold over 7,000 single family homes. Through his companies and law office, he has transacted over 10,000 creative finance deals. Scott’s experience as both an attorney and an investor puts him in a unique position to help you navigate this tricky business every step of the way.

✅ 𝐖𝐚𝐧𝐭 𝐦𝐨𝐫𝐞 𝐟𝐫𝐞𝐞 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐨𝐰𝐧𝐞𝐫 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐧𝐠?
https://www.theownerfinancenetwork.co...

✅ 𝐃𝐨𝐧’𝐭 𝐟𝐨𝐫𝐠𝐞𝐭 𝐭𝐨 𝐟𝐨𝐥𝐥𝐨𝐰 𝐮𝐬 𝐨𝐧 𝐨𝐮𝐫 𝐨𝐭𝐡𝐞𝐫 𝐬𝐨𝐜𝐢𝐚𝐥 𝐦𝐞𝐝𝐢𝐚 𝐜𝐡𝐚𝐧𝐧𝐞𝐥𝐬 𝐟𝐨𝐫 𝐦𝐨𝐫𝐞 𝐟𝐫𝐞𝐞 𝐭𝐢𝐩𝐬!
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✅ 𝐑𝐞𝐚𝐝𝐲 𝐭𝐨 𝐬𝐭𝐞𝐩 𝐮𝐩 𝐲𝐨𝐮𝐫 𝐠𝐚𝐦𝐞 𝐚𝐧𝐝 𝐥𝐞𝐚𝐫𝐧 𝐦𝐨𝐫𝐞 𝐚𝐛𝐨𝐮𝐭 𝐨𝐰𝐧𝐞𝐫 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐧𝐠?
1. The Subject To Academy
https://www.theownerfinancenetwork.co...
2. Everything You Need to Know About Liens
https://www.theownerfinancenetwork.co...
3. Scott Horne’s Owner Finance Real Estate Investment Training
https://www.theownerfinancenetwork.co...
4. 1 Day Recorded Training on Owner Financing
https://www.theownerfinancenetwork.co...
5. Owner Financing for Realtors
https://www.theownerfinancenetwork.co...

✅ 𝐍𝐞𝐞𝐝 𝐡𝐞𝐥𝐩 𝐰𝐢𝐭𝐡 𝐚𝐧 𝐨𝐰𝐧𝐞𝐫 𝐟𝐢𝐧𝐚𝐧𝐜𝐞 𝐭𝐫𝐚𝐧𝐬𝐚𝐜𝐭𝐢𝐨𝐧?
1. Legal Services
https://www.theownerfinancenetwork.co...
2. Title Services
https://www.theownerfinancenetwork.co...
3. Note-Pro Services
https://www.theownerfinancenetwork.co...
4. RMLO Services
https://www.theownerfinancenetwork.co...
5. Loan Servicing
https://www.theownerfinancenetwork.co...

#ownerfinancing #ownerfinance #realestateinvesting #realestate #entrepreneurship

Intro – 0:00
Origin of Sergeant Fifty-Five – 1:14
Importance of Understanding Creative Financing – 5:26
Challenged with Insurance Agents’ Knowledge – 7:00
Barriers to Entry in the Insurance Industry – 7:41
Experience in Real Estate and Insurance – 9:00
Educational Role in Real Estate Transactions – 11:00
Insurance Policy Ownership and Coverage – 15:06
Implications of Existing Policies in Real Estate Deals – 15:15
Risks and Consequences of Incorrect Insurance Coverage – 15:49
Importance of Reading and Understanding Insurance Policies – 16:31
Role of Lenders in Property Insurance – 17:04
Proper Procedures for Insuring Properties in Real Estate Transactions – 18:28
Policy Ownership and Change in Property Ownership – 19:11
Insurance Policies on Real Estate Transactions – 25:02
Case Example of Insurance Claims – 27:07
Mitigating Risks in Real Estate Transactions – 28:59
Mobile Homes – 30:02
Builder’s Risk on Properties – 30:12
Policy Transfer and Master Policies – 31:01
Insurance Types for Mobile Homes – 33:08
Renovation and Insurance Adjustments – 34:52
Insurance Policy Types – 36:10
Importance of Special Forms Coverage – 36:30
Case Example of Insufficient Coverage – 38:00
Learning From Others’ Mistakes – 39:00
The Role of Knowledgeable Agents – 40:20
Value vs. Price in Insurance – 41:59
Outro – 43:20