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Updated about 2 years ago on . Most recent reply
Are older 1950s homes worth it even with the high insurance
I am looking at an older home to invest in to essentially turn into a MTR. I am just nervous about the home insurance as I have been hearing the home insurance on older Florida homes are between 3k-7k a year, specifically in the Panama City area. With the higher interest rates and high insurance rates, I feel like it can put me in the negative each month.
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Quote from @Reva Gaster:
I am looking at an older home to invest in to essentially turn into a MTR. I am just nervous about the home insurance as I have been hearing the home insurance on older Florida homes are between 3k-7k a year, specifically in the Panama City area. With the higher interest rates and high insurance rates, I feel like it can put me in the negative each month.
That's just part of the analysis. If the numbers don't work, don't buy.
- Nathan Gesner
