Investor · Phoenix, AZ · Member since 2021 · 32 posts · 8 votes
I have a STR in Show Low and my insurance provider just notified me that they are no longer going to insure the Show Low area due to fire risks. They got me a quote from another provider and it was about 5x my current premium. Anyone have any recommendations/contacts for home insurance carriers that specialize in the white mountains or northern Arizona region???
Hello Zak House in Phoenix. Read the IRS Publication 523 explaining Sale of a Residence. Then, move into Show Low STR for two years and Sell for up to $250,000 Tax-free. Then, think of only buying houses etc. in the fire zones that are made out of concrete and steel and cinder blocks, without asphalt or wooden shingles. Every structure out West is an accident waiting to happen with the stupid building codes that refuse to allow stick houses to be built. Same thing here in Florida with all the rich guys wanting a million dollar house on the water with the hurricanes. You can have Home Owners and Flood Insurance and the Big Bad Wolf will blow your house down and then, you need to pay a lawyer to try to collect damages from Insurance who may never pay you.