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Updated about 11 years ago on . Most recent reply

Mark Radford's profile image
Mark Radford's profile image
Mark Radford
  • Investor
  • from Indianapolis, Indiana
  • Member since Feb 28, 2013
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User Stats

80
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63
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Mark Radford's profile image
Mark Radford's profile image
Mark Radford
  • Investor
  • from Indianapolis, Indiana
  • Member since Feb 28, 2013
Connect
Mark Radford
  • Investor
  • Indianapolis, IN
63
Votes |
80
Posts
General Real Estate Investing

Flood Plain

Mark Radford
  • Investor
  • Indianapolis, IN
Posted

Have 2 rentals in a flood plain. Flood insurance currently $700 per year each. Subsidy to FEMA is going bye-bye so got a quote on new number. Flood could go as high as $3800 per property. $300 per month just evaporated. Luckily they are duplexes so I'm treating it as $150 per side in extra overhead and rents will go up accordingly. Anybody else getting with something similar. Also have to pay for a new Elevation Certificate. Yay.

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