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Updated almost 6 years ago, 02/14/2019

User Stats

13
Posts
3
Votes
Chris Fayling
  • Rental Property Investor
  • Galesburg, MI
3
Votes |
13
Posts

what should I expect to pay for insurance for single family

Chris Fayling
  • Rental Property Investor
  • Galesburg, MI
Posted

     hello bp I hope everyone is having a great day. I have a single family 2 bed 1 bath that a wholesaler has brought to me. It meets the 1% rule at about 1.5%. All the other numbers are working in the calculators, except I'm basically guessing on insurance. I was wondering if there is a rough idea of what I should budget for without having to get a quote from my insurance company. As you can tell by the question I am relatively new to this. The home is located in kalamazoo, mi it is city certified and has a newer roof, there is a tenant in place, its turn key but is under market value. Im just curious how other investors come up with a number to run for analyzing? Any advice is appreciated, thank you for reading.

-Chris

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