Buying In Flood Zone - Need Help - Houston - Clear Lake

[Ernest D.]

Hello BP,

Im seeking recent information about buying a rental property in a Flood Zone AE.

After research, It appears that FEMA has control over premiums for flood insurance and was set out to increase premiums over the course of 5 years.

Is this in effect? Can anyone chime in with their experience with this? Is there any way to project the future of flood insurance premiums/cost?

I can use all the help that I can get on this. Local investors experience would be a plus.

Regards,