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Updated almost 6 years ago on . Most recent reply

Snehann Kapnadak's profile image
Snehann Kapnadak's profile image
Snehann Kapnadak
  • Rental Property Investor
  • from Philadelphia, PA
  • Member since Oct 26, 2015
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Snehann Kapnadak's profile image
Snehann Kapnadak's profile image
Snehann Kapnadak
  • Rental Property Investor
  • from Philadelphia, PA
  • Member since Oct 26, 2015
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Snehann Kapnadak
  • Rental Property Investor
  • Philadelphia, PA
116
Votes |
212
Posts
Multi-Family and Apartment Investing

Estimate Insurance Quote

Snehann Kapnadak
  • Rental Property Investor
  • Philadelphia, PA
Posted

Hi Everyone,

Hope you had a good weekend!

Is there a back-of-the-napkin calculation for insurance quotes for small (2-4) multifamily properties? I'm looking for a quick way to add to my underwriting when I receive Seller Expenses that do not account for Insurance. Should I use, say 5% of purchase price? 3%? I'm looking in Kansas City, MO, if that helps.

Any insight would be much appreciated. Thank you!

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Fred Shatzoff's profile image
Fred Shatzoff's profile image
Fred Shatzoff
  • Lender
  • Member since Feb 1, 2019
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Fred Shatzoff's profile image
Fred Shatzoff's profile image
Fred Shatzoff
  • Lender
  • Member since Feb 1, 2019
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Fred Shatzoff
  • Lender
160
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Fred Shatzoff
  • Lender
Replied

@Snehann Kapnadak  Establish a relationship with an insurance agent and let them give you a quote there is not cost.  Why guess.

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