?I'm in the process of buying my first rental property, but I can't get insurance because I can't find out the year built date.

[Kevin Dubose]

I'm in the process of buying my first rental property, but I can't get insurance because I can't find the yr built date of the property.

Purchase price 18k.

Rented for 550 a month

Taxes 55 a month

Insurance 50?

The house was moved to the current location and the seller does not know when the house was built, the county website does not have the built date either.

Should I buy this house if I can not get insurance? I know it would be some risk if I don't get insurance, so what if I buy the house in a separate IRA or LLC that only holds that property.

thanks in advance.

[Dawn Anastasi]

I just purchased a house where the house was in one spot, then the house was moved to another spot 7 years ago. The insurance is considering the house to be "built" in 1950 even though the foundation was poured just 7 years ago. So the insurance company (at least mine) doesn't care when the foundation was poured, it appears to be the framing that matters.

I would NOT recommend buying the house without insurance.

I would go with title. At the very minimum they can trace sales and see what the earliest sale date they can find is.