some investor, like me, will buy the house from the lender for 40 to 50 cents on the dollar; put a few bucks in it; and either rent it for long term income or flip it for a quick sale.
Either way, we smile all the way. And all because someone thinks they know more than a bank or insurance company.
There was another recent poster who thought he knew better.
God Bless Them. They create wealth building opportunities.
I'd be willing to bet they have a $100 deductible on their respective policies. That's being penny wise and dollar foolish. Go with a $1,000 or higher deductible and see a 30 to 40% premium reduction. But that makes sense; so they won't.
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