I see people saying remember to include your Insurance , are they talking about home insurance or renters insurance ????

Per the Mortgage Calc:Purchase price of new home is 400K100k downpaymentat 3.375%30 yearsannual taxes of 2,454.85annual insurance 1,000+/-Monthly mortgage $1614.20 - now for me, that is too big of a bill to cover at this time.  

Does anyone know how I might purchase an insurance policy on this property for fire etc?

However, I've quickly realized this rat race that I'm in to trade hours for dollars which is not how I want to live the rest of my life.

I did when I had a life change and was unable to do conventional financing for my SFR purchases.

I currently own a few rentals in different states, but since getting my real estate license i have started looking at family and friends for prospecting new deals as a new agent.I have a family member who has been renting houses for as long as i can remember between her and her boyfriend, but they both have some bad credit due to falling behind a few years back after both losing their jobs and juggling life for a while tell they found new jobs.I am a bit unsure about this idea still due to the fact that i have been running numbers on multi-family homes to purchase in the near future and turn into rentals, but i want to help them if it's a viable idea...I wanted to get your opinion on maybe purchasing a house based on their needs and running a lease option on the house for them to purchase down the road when they have the credit again....Right now they are renting a 3/1/1 for $1200/month and there is a lot of 3bed houses around them that are in the 100k and below that would meet the needs of them, im just worried about buying the house for them tieing up my own money and not have enough financing available to continue purchasing investment properties as my rental income from all my current rentals is my only income coming in right now as i start the career of an agent.

Said it's an insurance thing that you could be spending all money on new plumbing and have a problem with sewer line still...House is 60 years old and wasn't much maintenance.Thoughts?

I am always seeking new ways to provide and abundant life of health wealth love and happiness for myself and my daughters .

When you ask most Anericans would they rather have the gas tax indexed to inflation or increase the depreciation life real estate investors can take, I don't have much doubt which one they would choose.Don't think I'll get votes on this post as people don't want to hear this (including me), but it is just my 2 cents on the trend to expect.

Insurance contacted us about the deceased being the beneficiary still (whoops), so we got a new policy.