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Updated about 7 years ago on . Most recent reply

User Stats

118
Posts
22
Votes
Paul Gwilliam
  • Investor
  • Cincinnati, OH
22
Votes |
118
Posts

Insurance for a Cheap Rental in Cincinnati

Paul Gwilliam
  • Investor
  • Cincinnati, OH
Posted

I just bought two very cheap houses in one deal for $26,000.  They are decent sized for the price, but they're not worth much more than the purchase price.  Maybe $20,000 each.

When it comes to insurance, I talked to my broker about it, and he could only come up with a $50k minimum policy, which is $90/mo for each property.  That's about as much as I pay for my homeowners insurance on the home I live in.  I can't help but think there has to be a better value than that.  

What other options are there?  This is my first super cheap house, but I'm sure there has to be a better option.

Thanks,

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