Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago,

User Stats

66
Posts
30
Votes
Cristin Andrews
  • Rental Property Investor
  • Houston, TX
30
Votes |
66
Posts

Existing Property in a Floodway - costs and what to look out for?

Cristin Andrews
  • Rental Property Investor
  • Houston, TX
Posted

I am considering buying a property that has never flooded and current owner has lived there 15 years without Flood insurance. It is located in Houston TX and in a floodway (just outside of a Zone AE Floodplain) I'm not required to buy flood insurance but feel like it would be prudent to do so. My insurance agent is not reachable today but I wanted to make a bid. I can't seem to find any info on the web about costs of insurance in a floodway vs a flood zone and how those compare. Anyone here have any info on that by chance? I have no idea if I'm looking at 500 a year or more like 6K a year - really no idea.  Also anything else I need to know about floodways aside from the construction restrictions?

Loading replies...