All Forum Posts by: Justin Hall

I have read online and on some older forums on here that you can use a home equity loan for a down payment for an investment property. However, my lender is telling me no. Can anyone verify this?

Jordan, who is your insurance agent and what is his contact info? I'll have to reach out to him!

Okay awesome, thanks you guys. This actually helps a ton. My realtor just said I would be required in NC to have some type of liability insurance. But yea I definitely don't need the full replacement costs on the property. 

What type of coverages should I have for insurance on my duplex? I want to cover myself but also not spend too much where I handicap my cash flow. I have gotten a couple quotes and both of the quotes have the dwelling coverage for way more than the house is worth; is this normal? Should I also have liability coverage on the policy? Thanks in advance!