I was looking for a place to give real answers and not fantasies about real estate investing; Bigger Pockets is the only place for that.

I am very new to bigger pockets and real estate in general.

We've done a 10-31 exchange.And now that we are in a location with a bigger market we're hitting the ground running.

Hi AmeliaWelcome to bigger pockets.

@Forrest Heath IIIWelcome to Bigger Pockets.

However, after spending time here on bigger pockets, I wish we had used the money toward other real estate investments instead.

Was not owner occupied.Also, I forgot to mention that this has been on the market for 3+ months... which I thought would warrant a bigger reduction in original asking price($65000) but they won't budge from $62k.

William, to my knowledge, you'd need to go to a lender that may provide an insured loan, I don't believe you can go directly to an insurer and get a policy of some kind and take that to a lender.Usually, commercial lenders only require it when a deal is over 80% LTV and on much bigger projects like a mall or large hotel, maybe 300 apartments.Since there are different types of coverage the underwriting will be different, specific to the deal.

For one single property owned by you, I am a bigger fan of simply carry good insurance which covers the spectrum risks.Check out this thread which had a pretty good discussion around the same idea: HERE

My name is Chris Cook I'm 29 years old from New Orleans and I'm new to bigger pockets.