Dallas has a lot of hail and crazy tornados which hit every few years too.Handle needs of the rental property. 

The few that did quoted me a premium with a bare minimum coverage between $2600 and $3000 annually.The property is located in South Texas and multiple insurance companies have stated that this area is known as a high risk area (hail, wind, and rain) due to the proximity towards the coast. 

However, in my personal purchase I might lean towards a newer home because I feel there is less risk involved there.With the hail storm last year, do you think most homes should have new roofs? 

People with properties in TX, OK, KS, etc are likely going to have a wind or hail claim for the roof and siding at some point every few years.

I would have liked to have added another rental this year (I have already added 2) but the hail storm in July has me doing nothing but roofs for awhile hehe. 

Michael,All Hail the OC!

This includes hail damage of course, which is the most likely type of physical damage to roofs in my area.

Most people don't know that about Texas lending laws as well.. then you add in foundation rain hail.. its a tough market.. for OOS folks in my mind.. 

My name's Tom, and I hail from New Haven, CT.

Hello fellow BP members, my name is Henry Billups III. I am rather new to real estate investments, but I am excited and optimistic about the opportunities. I read a few post and couldn't help but join the community...