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Updated almost 10 years ago on . Most recent reply

User Stats

10
Posts
2
Votes
Emad Khaz
  • Pittsfield Township, MI
2
Votes |
10
Posts

heads up for 1st time investors

Emad Khaz
  • Pittsfield Township, MI
Posted

So i finally got my 1st rental property , i used a small bank to fund the deal after my mega bank refused to fund it ( too small for them) ,,

i did not read or heard this before till about to close on the deal . since it's a rental property i had to show my insurance a signed lease for the property before i closed on it ..they will not insure a vacant home ..and my bank will not close the deal till i did that ...

is this a insurance company thing or that's the standard

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