500 year floodplain Triplex

[Ben M.]

Wondering if I should pursue a a Triplex property in Houston that is in a 500 year floodplain? It was never flooded not even during hurricane Harvey….

500 year does not seem to sound too bad and it was never flooded. Is this a bit too risky and would it be harder to sell this later on?

[Daniel Tanasa]

Quote from @Ben M.:

Wondering if I should pursue a a Triplex property in Houston that is in a 500 year floodplain? It was never flooded not even during hurricane Harvey….

500 year does not seem to sound too bad and it was never flooded. Is this a bit too risky and would it be harder to sell this later on?

 Hi Ben, 

As long as you are making your numbers work taking in consideration flood inssurance and also the valuation is lower than a non-flood zone one, I will be ok with that. Just make sure you get a higher cash flow than a propriety out of the flood zone to be worth the risk of it getting flooded. 

EaDo is not a known area for flood usually. 

Good luck with it!