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All Forum Posts by: Holly Hudson

Holly Hudson has started 15 posts and replied 53 times.

Post: Looking to purchase multi-unit near Naperville, IL

Holly HudsonPosted
  • Orlando area and Space Coast, FL
  • Posts 53
  • Votes 13

I am looking to purchase a multi-unit property near Naperville, IL.  Surrounding areas could be Lisle, Warrenville, Woodridge, or Downers Grove. 

Post: Estimate Insurance Costs

Holly HudsonPosted
  • Orlando area and Space Coast, FL
  • Posts 53
  • Votes 13

Thank you Josh Dillingham and Justin Rickson for the advice.  I will get started with the middle number and do more research with ones that have the numbers from there.  I appreciate your help!

Post: Estimate Insurance Costs

Holly HudsonPosted
  • Orlando area and Space Coast, FL
  • Posts 53
  • Votes 13

I am having a difficult time analyzing multi-unit properties primarily because of the insurance numbers.  I have contacted several different companies/brokers in the area and they have all said about the same thing.  They can only give estimates when knowing the exact address and that it should be one I am serious about. 

An actual answer I received based on my criteria in a certain area: it can run anywhere from $750-$3500. And that is just an average. Once a specific house is settled on then we can get you closer numbers.

This can obviously drastically effect my numbers.  Has anyone else had this dilemma?  I appreciate any suggestions on how I can find a more accurate representation of insurance costs.  I am looking for properties in the suburbs west of Chicago. 

Thank you all in advance for your knowledge and advice!

Holly Hudson