To buy a home in a flood plane or no?

[Allie Bloyd]

There is a great deal for a house in a flood plane. This house seems to be the only one that has water issues. I had another investor tell me not to be scared of a property in a flood plane, even though it will be a 100k house, and the flood insurance will be an extra 150 per month for the buyer. Has anyone ever bought a house in a flood plane and what are your thoughts on it? Our contractor thought he could remedy the situation with a drainage solutions. Thanks for your help!

Allie

[Jay Barndt]

i would see if you can get some history on how often and how bad it floods first "if you haven't" to make sure you're not getting a monster every year or more than you can handle in future repairs if your contractor is sure he can take care of this issue with drainage I would  not be too afraid to look into it deeper.