Insurance and tax numbers for analyzing deals

Insurance and tax numbers for analyzing deals

Investor in Montrose, CO · Member since 2018 · 11 posts · 1 vote

So when plugging numbers into the calculator to analyze a deal, if you are trying to just do a quick one to see if its worth further looking into, would pulling the tax and insurance numbers from the mortgage page off zillow get you in the ballpark or are those completely different numbers than what we are looking for? There is also a price history/tax page that has property taxes on it which is different from the tax one from the mortgage page. Have you found that that is reliable for the tax line or do you always have to go to the county page? I would think an insurance agent would stop responding after asking him to quote 50 different properties...

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  • Rental Property Investor · Greenwich, CT · Member since 2015 · 4k+ posts · 2k+ votes
    7y

    @Adam Egloff, the Trulia tax numbers tend to be pretty good. It depends on if their system is able to automatically access the town's system. You should always double check those numbers with the town, though.

    Regarding insurance, I think you need to do a little more work. I notice that Trulia just puts in "$75" for most properties in my area. You don't have to get 50 quotes. A 1200 sqft, 3/2 in the same part of town is going to have roughly the same insurance cost. After a few, I think you'll be able to get a good estimate.

  • Investor in Montrose, CO · Member since 2018 · 11 posts · 1 vote
    7y

    @Jaysen Medhurst Thank you that is most helpful!

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