Insurance
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated about 7 years ago on . Most recent reply

Insurance for a Cheap Rental in Cincinnati
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,