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Updated almost 10 years ago,

User Stats

50
Posts
8
Votes
Jon Quigley
  • Real Estate Investor
  • Livonia, MI
8
Votes |
50
Posts

I'm having trouble getting insurance on SFH before having a tenant

Jon Quigley
  • Real Estate Investor
  • Livonia, MI
Posted

Hello. I'm in the midst of closing my first deal and have hit a catch 22 issue. Since this is a buy & hold I'm using traditional financing. The bank requires the property to be insured. However the insurance company will not insure a vacant property (even though it is move in condition). Is there any way to get insurance on SFH without having a lease in place already? thanks in advance. -JQ

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