Updated almost 7 years ago on . Most recent reply
Estimate Insurance Quote
Hi Everyone,
Hope you had a good weekend!
Is there a back-of-the-napkin calculation for insurance quotes for small (2-4) multifamily properties? I'm looking for a quick way to add to my underwriting when I receive Seller Expenses that do not account for Insurance. Should I use, say 5% of purchase price? 3%? I'm looking in Kansas City, MO, if that helps.
Any insight would be much appreciated. Thank you!
Most Popular Reply
@Snehann Kapnadak Establish a relationship with an insurance agent and let them give you a quote there is not cost. Why guess.