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Updated over 3 years ago on . Most recent reply
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Property in Flood Zone
Anyone have any experience buying a property in a flood zone? Any tips, tricks, or advice?
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@Kyle Holmes if you are buying in a flood zone and the insurance is cheap then it is not a problem unless it floods. If you are in a 100 year flood plain and it never floods but you have the extra insurance expense run the numbers. If it really floods ask yourself do you want to deal with a tenant when that happens? One tip is talk to the neighbors to see the history and read the news. We had canoes in the street when I was younger. the tenants were on the upper level so not much impact to them.