Hi everyone, I'm closing my first fourplex in Killeen and I was wondering if you guys have any recommendations on competitive insurance companies?

Based on the report, your loan is only $140,000 and at 15% you are paying $1,750/mo.Rental loan of $165,000 @ 6% amortized over 10 years - Monthly payments are $1,832 before taxes and insurance.

Sometimes a title company is willing to look into these things for free for you, but I certainly wouldn't purchase or do any quit claim deeds without getting title insurance.

USAA does not insure short-term rentals.

I had initially started this journey to create a rental portfolio so i guess I was just working from the perspective of creating equity in the renovation and using the refinanced funds as my "doomsday egg/next deal proceeds" if that makes sense.Thanks for your insights I'll take them any way i can get them.

And then use the proceeds to pay your downpayment.

HOA, note, taxes, insurance.

However, many borrowers wind up diming themselves out accidentally by changing where the payments are coming from, changing the named insured, etc.

However, he likely will have to pay Mortgage Insurance which can be substantial.

@Joseph Whitton it’ll be super great with hurricane season...be sure to carry good insurance on them.