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Updated almost 10 years ago,

User Stats

536
Posts
202
Votes
John Van Uytven
Pro Member
  • Property Manager
  • Oconee, IL
202
Votes |
536
Posts

Special insurance?

John Van Uytven
Pro Member
  • Property Manager
  • Oconee, IL
Posted

New investor here

I just made a deal to buy my first property.

I was able to get it cheap because it was a rental that had a fire.

I'm already talking to a young family man who wants to buy it contract for deed and fix it up.

I'm willing to do this but what kind of insurance coverage should I buy while he is working on the house.

Just Liability? Or something else.

If he gets hurt who is responsible for taking care of medical care?

I just don't want to end up shirtless if worse comes to worse.

Thanks in advance

  • John Van Uytven
  • Loading replies...