Real Estate Investor · Encinitas, CA · Member since 2016 · 3k+ posts · 3k+ votes
9y
Jason Schimer I don't know if this was a huge mistake, but I did stub my toe going through the same company (for insurance) that was the cheapest for my primary residence for the investment properties. I naively thought since they were the best price/coverage balance for home/auto that investment properties would be the same. For whatever reason, maybe location, a local insurance broker was able to get me the same coverage through a different vendor much cheaper.
Investor · Miami, FL · Member since 2016 · 67 posts · 30 votes
9y
Andrew Johnson saving money one way or another is always worth your time. I feel like if that was your biggest mistake gen you're doing something right.
Real Estate Investor · Encinitas, CA · Member since 2016 · 3k+ posts · 3k+ votes
9y
@Jason Schimer Eh, I also probably paid too much to buy newer build properties with lower-ROI. But I chalk that up to a personal decision. I'm willing to trade less-hassle for less-income. Especially since these properties are out-of-state. Someone would likely argue that's my monumental mistake. Time will tell. But I 100% know that I likely overpaid for insurance by taking the easy way out and not shopping around.