All Forum Posts by: Tom Westco

Home owners insurance is for you in your own personal home. They cover the contents inside your home as well as the structure itself. 

Landlords Insurance is insurance that an investor/landlord will get when they are renting out the property to a tenant. It will cover the structure from fire, wind/hail, etc. This policy doesn't cover the tenants contents and so they will need to get their own renters insurance. 

@Dennis Brooks no matter what the market is doing, there is always a reason not to buy a property. Yes interest rates are high, but homes are sitting longer, giving buyers more negotiating power than they have had in the past few years. This is very situational, but in some instances if might make sense to deal with the high interest rates, buy a property that isn't a cash flow king in the first few years, but when rates go down, refinance and you have a nice, cash flowing property. Creative financing is another great way to capitalize on the great deals that are out there now without having to pay the high 7-8% interest rates.