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Updated almost 7 years ago on .

User Stats

244
Posts
120
Votes
Tom R.
  • Investor
  • Ridgecrest, CA
120
Votes |
244
Posts

landlord insurance on a house I am leasing?

Tom R.
  • Investor
  • Ridgecrest, CA
Posted

I am considering making a deal on a house that will be a sort of blend on seller financing and a lease option. The seller doesn't have enough equity to do seller financing. I will put a small down payment and pay rent for an agreed upon period and at the end of the period buy the property. At the same time I will lease the house out to someone else and be responsible for the upkeep of the property. My question is can I get landlord insurance for a property I don't own or would I have to get the seller to carry the insurance?