Non Profit Church That Owns 18 Houses

[oicu812nbama]

10 years old or less. 2 or 3 of them are in class 9. they are all lease purchase agreements. In Ala-friggin-bama. Submitting this today. Anybody know what company(ies) would want this the most?

 

[shepnerd]

I'm not a P&C guy (yet), but I did own more than my fair share of houses back in the day.

How are these things titled?

Am I reading it right that the church owns the houses free and clear and they are lease purchasing them out to other people, or is there more going on?

 

[oicu812nbama]

yes. the church built them and is lease/ purchasing them so people can have a home for 200/month payment. they will own the house when the last payment is made.

 

[1manshow]

Guideone if you're licensed with them

Philladelphia if you're not

 

[Guest]

American Modern has a nice package policy for investors, up to 20 properties I think

 

[oicu812nbama]

thanks guys, i think american modern will automatically be one of the first cracks. i will check philly, too. tryin to get a handle on the ia markets.

i know this is a different subject, but rba, what is your magic number that you will hit to put on a csr/producer and signage, etc? i'm gonna share an office space until it makes sense for me to add these things as well.

 

[Guest]

thanks guys, i think american modern will automatically be one of the first cracks. i will check philly, too. tryin to get a handle on the ia markets.

i know this is a different subject, but rba, what is your magic number that you will hit to put on a csr/producer and signage, etc? i'm gonna share an office space until it makes sense for me to add these things as well.

I work from home and so do my producers.....

 

[oicu812nbama]

i got caught assuming. you don't think walkin business would bring in enough profit to cover rent, etc?

 

[Guest]

figure it out...

How much is your avg premium.........how much is your rent............how much is utilites/overhead...........how many clients do you need to walk in, to break even........

rarely does someone get the walk in to break even

 

[CaptiveGuy]

figure it out...

How much is your avg premium.........how much is your rent............how much is utilites/overhead...........how many clients do you need to walk in, to break even........

rarely does someone get the walk in to break even

I agree with you 100% and most preferred clients don't just drive around looking for insurance they call or email. The only reason I have an office is for my producer and admin. I only get about 30 calls a day (80% service). Most people email from my website and I have never received a walk in client in over a year.