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Updated almost 8 years ago on . Most recent reply
New Investor / Insurance Agent from Houston, Texas
Hello, everyone! My name is Derick Strickland. I'm a 23 year old State Farm agent from Houston, Texas. I've been watching the bigger pockets podcasts and videos and reading books regarding real estate for about a year now and I want to start investing.
I would love to meet possible mentors, current investors, and real estate agents in houston! It'll be a great experience getting to know like-minded individuals.
Picture coming soon.
Most Popular Reply
#2 Insurance Contributor
- Insurance Agent
- Nationwide
@Nick S. the major issues that drive premiums higher ware the perils you mention above, Flood and Wind Storm coverage.
The 1 bit of advice I can give you is do not assume you can get the insurance premiums the seller has. Get approved quotes on the property before purchasing.
Flood rates have been increasing over the last 2 years and will continue to do so until FEMA no longer needs to be subsidized by other tax $.