BRRRR - how do you know how much insurance and utilities cost?

BRRRR - how do you know how much insurance and utilities cost?

Springfield Gardens, NY · Member since 2017 · 258 posts · 63 votes

I am analyzing lots of properties for BRRRR - how do you know how much insurance and utilities will cost?

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

    @Isaac El, call some local insurance agents and get rough quotes. You can get water /sewer charges from the town in most cases. Call the gas and electric companies and ask for a year's bills. Some will do it, so won't. 

    Either way, you should be getting at least the last 12 months of expenses from the seller when you're seriously considering a property.

  • Springfield Gardens, NY · Member since 2017 · 258 posts · 63 votes
    7y

    @Jaysen Medhurst  Hi Jaysen, I really appreciate that, I have been looking at foreclosure properties so the sellers are not so cooperative, but I will definitely try what you recommended.

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