?I'm in the process of buying my first rental property, but I can't get insurance because I can't find out the year built date.
I'm in the process of buying my first rental property, but I can't get insurance because I can't find the yr built date of the property.
Purchase price 18k.
Rented for 550 a month
Taxes 55 a month
Insurance 50?
The house was moved to the current location and the seller does not know when the house was built, the county website does not have the built date either.
Should I buy this house if I can not get insurance? I know it would be some risk if I don't get insurance, so what if I buy the house in a separate IRA or LLC that only holds that property.
thanks in advance.