Florida Insurance Collapse = How to Grab 0% Mortgages | 1477

Epic Real Estate Investing

Matt Theriault

Education, Business, Investing, How To

4.8 • 955 Ratings

🗓️ 28 April 2025

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

This episode explores the challenges Florida homeowners face with soaring insurance premiums and insurers exiting the market. It provides a step-by-step guide for investors to capitalize on these market conditions through creative financing, such as offering 0% interest seller financing, using high deductible insurance plans, and incorporating parametric policies for rapid payouts after major events. The strategy aims to benefit both sellers and buyers by mitigating the high insurance costs and turning potential disasters into financial opportunities. Additionally, Matt offers a look at broader applications beyond Florida and previews upcoming content on new financial challenges in the housing market. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Terio Media.
0:04.0	Hey, strap in!
0:07.0	It's time for the epic real estate investing show.
0:10.0	We'll be your guides as we navigate the housing market, the landscape of creative financing strategies, and everything you need to swap that office chair for a beach chair.
0:19.0	If you're looking for some one-on-one help, meet us at rei-aise.com.
0:23.5	Let's go, let's go, let's go, let's go, let's go, let's go, let's go.
0:27.5	Let's go.
0:28.1	Breaking.
0:28.9	Free insurers just bailed on Florida.
0:31.3	Another slap to the face to Florida homeowners tonight.
0:34.7	And home insurance bills jumped 50% overnight.
0:37.6	Went up to $2,411, so we had a $617 increase.
0:42.9	Now it's up to $3,800 a year.
0:47.1	And I'm still less than half of my neighbors in the area.
0:51.0	Oh, instead of paying $25 a now, you're going to pay $5,000.
0:53.4	Most owners can't pay, so they'll give you the house at 0% just to be free from insurance
0:58.6	premiums.
0:59.2	Watch this.
0:59.9	Property owners in multiple states are facing skyrocketing premiums and hard to get coverage,
1:04.9	but the insurance industry itself says Florida's market is in full meltdown.
1:10.0	Florida boasts sunshine and gators, but right now it's bleeding insurers.
1:14.2	State farm, all state, they ghosted faster than a bad Tinder date.
	...

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