All Forum Posts by: Chris Rowe

Does anyone have firsthand experience of building a duplex or quadplex vs purchasing existing. Many of the buildings for sale in my area of Maryland (Washington County) are old and have deferred maintenance issues. I have been thinking it would be easier to build something than try and purchase existing property that needs repairs/updates. If anyone has done this, could you share some of your experiences?

Hi All,

I am trying to gain a little more information with regards to manufactured/mobile home insurance. I have several homes located within an HOA controlled Manufactured/Mobile home community in Washington County Maryland. Recently I purchased 3 additional units and was shocked to find out the cost of insuring them….it is outrageous. I ended up going with Foremost, however I was unable to insure the properties for their full appraised value ~ 110-125K each. The annual premiums are 3 times the cost of a single-family house of the same value. For instance, one of my annual premiums is $1,400 for only $77K of coverage. Granted these units were built in 1988, however they have been updated and do appraise in the 110-125k range.

Question: Are others experiencing this issue and if so what have you done to address it. Is there some other insurance provider I should look into that is more hospitable toward these types of properties?

Any advice is greatly appreciated.

Hi All...I am looking for a reputable Handyman in the Hagerstown Maryland area that is capable of doing minor repairs from time to time.   If you have one that you would recommend place let me know.

Thanks

Chris Rowe