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Updated about 7 years ago on . Most recent reply

User Stats

8
Posts
4
Votes
Ivan Sarabia
  • Rental Property Investor
  • Los Angeles, CA
4
Votes |
8
Posts

Homeowners insurance question

Ivan Sarabia
  • Rental Property Investor
  • Los Angeles, CA
Posted

I’m buying my third investment property, however, my offer was with no contingencies (no inspection report). The property appears to be in good condition, but it was built in 1922. The reason I skipped the inspection report was not only to have a stronger, but also because I normally fix/rehab the property anyways.

But it’s proven to be a problem since I now can’t find an insurance company to cover the property. I normally hold properties long term as rentals.

Any advice???

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