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Updated over 8 years ago,

User Stats

60
Posts
4
Votes
Lombosco Dixon
  • Rehabber
  • Woodbridge, NJ
4
Votes |
60
Posts

Flipping in flood zone ?

Lombosco Dixon
  • Rehabber
  • Woodbridge, NJ
Posted

Should I flip a home in a flood zone 

It's a AE flood zone 

Purchase price is 99,900 

Last price home sold for was 265,000

Comps were 245,000

Damages 40,000

Apparently flood insurance would cost 200 a month 

I'm estimating that this home would cost roughly 1700 monthly ???

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