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Updated about 6 years ago,

Richard Lovering's profile image
Richard Lovering's profile image
Richard Lovering
  • Rental Property Investor
  • from Hollis, NH
  • Member since Oct 25, 2018
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User Stats

108
Posts
36
Votes
Richard Lovering's profile image
Richard Lovering's profile image
Richard Lovering
  • Rental Property Investor
  • from Hollis, NH
  • Member since Oct 25, 2018
Connect
Richard Lovering
  • Rental Property Investor
  • Hollis, NH
36
Votes |
108
Posts
Multi-Family and Apartment Investing

Flood Zone an issue for financing?

Richard Lovering
  • Rental Property Investor
  • Hollis, NH
Posted

My partner and I are considering a 9 Unit in a flood zone. Aside from the cost of extra insurance, what can we expect for cost increase on the loan side? Will many banks not touch the property because of the flood zone or just charge a higher rate?

Thanks for your help BP folks!

Rick

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