All Forum Posts by: Leah C.

I’m interested in a meetup!

Hi Anthony,

My husband and I also live in the LA area (Santa Clarita) and are looking to buy our first rental in Cincinnati. I’m an RN and my husband is a teacher and we plan to use our income to achieve FI. We are very excited to be able to do this through real estate (and nervous as we have yet to buy our first property). Stay in touch and maybe we can help each other out!

 @Rebecca Ford

Thank you for explaining all of this. 

The underlying landlord insurance will have property protection and liability protection. Property protection covers your home if it’s damaged in a fire etc and you can choose what kind of deductible you would want. With a higher deductible you’re monthly cost would be less. Obviously, this is personal but what kind of deductibles are common for rental properties? I would want a higher deductible to keep the cost down ... what is considered a high deductible?

Then the added umbrella liability coverage is to help cover you if someone gets injured on your property to help cover legal and/or medical bills.  You can get a million to several million dollar coverage. 

Your personal home, car and rental properties can all be insured with different companies, but the benefit to having them all with one company would be the multiple policy discount you may be eligible for. Then I could just add an umbrella policy through state farm and just have it cover our rental property. 

Do I have all of this correct?

And thank you for your time!

@Kiera Underwood thank you!

@Kiera Underwood thanks for asking your provider! Curious to hear what his answer is. 

When buying an out of state rental property (our first one), would you recommend connecting with a local insurance agent or adding the rental property to your current insurance? We have State Farm covering our primary residence and two cars. Is it typical to add a rental property to your current insurance or should this be kept separate?  

Anyone have a recommendation for a lender in the Cincinnati area? We are looking for a conventional loan for a SFR for around $100k. Thanks!

Awesome thank you for all the info!

Hi all, just curious to gain some insight from those investors who know Cincinnati well. We are looking to buy our first rental property - a SFR - for around $100k. We would like a B neighborhood and are looking at 3/1 or 3/2 homes in decent school districts. When we visited Cincinnati a few months ago we drove a lot of the neighborhoods and were narrowing in on Delhi (oak hills school district), Springdale and Forest Park. It seems like the schools in Springdale and Forest Park aren't as good as Delhi. We were also looking at Fairfield and Deer Park, but those areas might be a little more expensive. Does anyone have experience with these neighborhoods? Would these neighborhoods be considered B or C rated? Any other insights?

Thanks!

Curious what everyone’s thoughts are on Delhi and Bridgetown? Good place to invest in SFHs?