All Forum Posts by: Brian Howse

Hello @Lin Yang, what state is your properties in? I am more than happy to connect you with an insurance agent if I can't help.

Mortgage brokers, processors, lenders—this is for you! As an insurance broker licensed in Texas, I ran the latest data on average insurance premiums across counties to help you get a clearer picture of potential costs. By using these insights, you can avoid DTI surprises, give clients a better monthly escrow estimate, and simply ensure they aren't overpaying for insurance.

If you find this helpful, connect with me! I’d be happy to share monthly updates to keep you and your clients informed. 

These are the average HOI premiums by county, for all loan officers who want to see if the DTI will be too tight. Thought this would be helpful. I send to all the loan officers I work with.

I work for the largest insurance brokerage in TX. $1,447 is relatively a good price for TX. I am more than happy to take a look around the market for you.

Hello BP community, looking for advice on this topic!

- Context: "Girlfriend (23) of 3+ years is moving here in CLT- February 2025. Me (23 years old) been living here for 9 months now. Planning to be living together in CLT for at the least 2+ years, after this- up in the air on staying or moving. Both working okay/fine paying jobs, both worked through school so no student debt, driving old cars so no car payments."

- Situation: I am looking for advice on what is my best route is come February- renting, buying a condo, or buy a duplex (living in one side renting out the other).

- Renting: pro's- not 100% certain CLT is forever, makes easy to relocate. We are young, like being in the city and being close to everything. Con's- feel like I am wasting money. CLT renting prices are expensive, why not pay a little more monthly owning property that will appreciate in value.

- Condo- pro's- own something that will appreciate, can still be in the city, can rent out if we move- passive income. Con's- more expensive monthly, locking us down to CLT/ condo building for what I am guessing at least 5 years to at least make it worth it. not as much revenue/wealth building opportunity as duplex.
- Duplex- pro's- renter's rent money will pay for half of mortgage, after that is paid off, move to a house, have passive income x2, most living space. con's- biggest down payment, outside the city, risk of terrible renter, locking us down for at least 7-10+ years to at least make it worth it.

Overall, I hate wasting money. What I am trying to avoid: renting for 2 years to eventually end up getting a condo/duplex later on or the flip side investing so much into a condo/duplex, and just overall not having it make sense with this situation. I know there are a lot of variables/ "what-if's" but any advice is helpful!

Thank you!

Hello BP community, looking for advice on this topic!

          -  Context: "Girlfriend (23) of 3+ years is moving here in CLT- February 2025. Me (23 years old) been living here for 9 months now. Planning to be living together in CLT for at the least 2+ years, after this- up in the air on staying or moving. Both working okay/fine paying jobs, both worked through school so no student debt, driving old cars so no car payments."

            - Situation: I am looking for advice on what is my best route is come February- renting, buying a condo, or buy a duplex (living in one side renting out the other).

                        - Renting: pro's- not 100% certain CLT is forever, makes easy to relocate. We are young, like being in the city and being close to everything. Con's- feel like I am wasting money. CLT renting prices are expensive, why not pay a little more monthly owning property that will appreciate in value.                     

                      - Condo- pro's- own something that will appreciate, can still be in the city, can rent out if we move- passive income. Con's- more expensive monthly, locking us down to CLT/ condo building for what I am guessing at least 5 years to at least make it worth it. not as much revenue/wealth building opportunity as duplex.
                      - Duplex- pro's- renter's rent money will pay for half of mortgage, after that is paid off, move to a house, have passive income x2, most living space. con's- biggest down payment, outside the city, risk of terrible renter, locking us down for at least 7-10+ years to at least make it worth it.

Overall, I hate wasting money. What I am trying to avoid: renting for 2 years to eventually end up getting a condo/duplex later on or the flip side investing so much into a condo/duplex, and just overall not having it make sense with this situation. I know there are a lot of variables/ "what-if's" but any advice is helpful!

Thank you!

I can help!

I can help! 

I can get you in contact with a agent who can provide an umbrella policy.

 Hello @Lisa T., I can provide quotes for you!