All Forum Posts by: Douglas Furia

@Andrew Fidler Following up on your initial comment - what companies/agents would you recommend getting in touch with? For ACV did you have any problem getting coverage for double the purchase price? Are insurers willing to do that even though the market value is 50% of the coverage?

I've been running the numbers on various properties in Toledo just to get a feel for different scenarios. When I get insurance quotes in lower income areas around Toledo, rates seem to go through the roof! I'm talking over $4000 premium on a $50,000 asking price property (4-plex)

Is this typical to see for higher risk areas? Would I be better off talking to local insurance agents to get more accurate pricing? (Right now I'm just going to policygenius.com to get ballpark quotes).

Anyone have rules of thumb for what's reasonable to plug in for landlord insurance based on property class, SF, # of units, price?

@Bryan Blankenship Thanks! I'm from Cincy originally - looks like that's where you're located

High Bigger Pockets! I'm a new investor in Toledo, OH. I currently have two properties in the Old West End (one of which is a duplex that we live in), and manage a third for out-of-state friends.

Starting to get more serious about buy-and-hold real estate investing and have heard this is a great part of getting started!

About me:

-I work in the architecture/engineering/construction industry and am currently studying to get my architectural license

-As such I love old houses with architectural character... but I'm learning quickly from my 1914 home that they're a lot of work

-I have two children (a boy and a girl) with my wife, Elsa.

-I volunteer as a football coach at Scott High School