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Updated over 8 years ago on . Most recent reply

Ali Sheik's profile image
Ali Sheik's profile image
Ali Sheik
  • from Sacramento, California
  • Member since Jul 14, 2016
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Ali Sheik's profile image
Ali Sheik's profile image
Ali Sheik
  • from Sacramento, California
  • Member since Jul 14, 2016
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Ali Sheik
  • Sacramento, CA
6
Votes |
41
Posts
Buying & Selling Real Estate

Buying out of state

Ali Sheik
  • Sacramento, CA
Posted

I am in California and looking to possibly purchase my FIRST investment property. Property is in Florida Tampa area. 8 unit $450k. Is this ill advised? Would you buy a place sight unseen? Would paying for an appraiser to evaluate the property be enough to satisfy the purchase? Please advise! Thank you

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Jason Bott's profile image
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Jason Bott
  • #2 Insurance Contributor
  • Insurance Agent
  • from Nationwide
  • Member since Sep 12, 2014
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Jason Bott's profile image
Jason Bott's profile image
Jason Bott
  • #2 Insurance Contributor
  • Insurance Agent
  • from Nationwide
  • Member since Sep 12, 2014
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Jason Bott
#2 Insurance Contributor
  • Insurance Agent
  • Nationwide
1,431
Votes |
2,494
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Jason Bott
#2 Insurance Contributor
  • Insurance Agent
  • Nationwide
Replied

@Ali Sheik unfortunately, that is within the reasonable range for insurance along the gulf coast.  It's especially hard to find affordable coverage for buildings built prior to 2000 or so.

  • Jason Bott
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