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Updated about 9 years ago on . Most recent reply

Kevin Allen's profile image
Kevin Allen's profile image
Kevin Allen
  • from Louisville, Kentucky
  • Member since Nov 25, 2015
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166
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Kevin Allen's profile image
Kevin Allen's profile image
Kevin Allen
  • from Louisville, Kentucky
  • Member since Nov 25, 2015
Connect
Kevin Allen
  • Louisville, KY
83
Votes |
166
Posts
General Landlording & Rental Properties

First deal closing/ insurance problem

Kevin Allen
  • Louisville, KY
Posted
Ok, so I'm closing on my first deal this week. House is costing 62500. Total I will have about 80000 in it when it's all said and done and it should value at about 110000-120000. My insurance agent is saying he can't do replacement cost and he can only go to about 75000 cost insurance. Age of house being a factor. Should I just shop around? I'm not real comfortable having 75000 on a house I 80000 invested into. Especially on my first deal. This will be a buy and hold.
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