Florida investing

[Jamey Newman]

I'm a new investor and I'm actually looking to relocate to the central Florida area soon, but I'm hearing a lot of negative things about super high insurances (flood insurance and sinkholes). I know that Florida insurance is naturally higher but are the I insurances enough to avoid Florida all together? How bad are the insurances going to cut into my cash flow?

[John Kent]

@Jamey Newman in Central Florida in the coastal areas insurance premiums tend to be higher. If you are looking inland, in or North and South of Orlando, premiums will generally be lower and flood insurance is avoidable by not buying properties in flood zones. 

One thing to look out for is significantly older homes. I have  had a few instances with early 1900's homes where Citizens insurance was the only option. 

No need to avoid FL because of the insurance.

There is a website by the State of Florida with rate examples for different insurance companies by county that you might find helpful: https://choices.fldfs.com/pandc/homeowners?_ga=1.61302506.73622387.1442248135

If you have any other questions specifically about the Orlando area feel free to PM.