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Updated over 5 years ago on . Most recent reply

Dustin N.'s profile image
Dustin N.'s profile image
Dustin N.
  • Investor
  • from Dallas, Texas
  • Member since Oct 16, 2015
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Dustin N.'s profile image
Dustin N.'s profile image
Dustin N.
  • Investor
  • from Dallas, Texas
  • Member since Oct 16, 2015
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Dustin N.
  • Investor
  • Dallas, TX
4
Votes |
35
Posts
General Landlording & Rental Properties

Flood insurance?

Dustin N.
  • Investor
  • Dallas, TX
Posted

Hi everybody new here,

So I just bought a rental property in cash that is located in a 100 year flood plain zone. Is it worth it to get the insurance? From calculations, it appears that it will at least take 1500 away from my yearly NOI.

The house was bought for 10k below market price and is 4/3 near a university.

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Tom Brooks's profile image
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Tom Brooks
  • from Jupiter, Florida
  • Member since Sep 6, 2014
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Tom Brooks's profile image
Tom Brooks's profile image
Tom Brooks
  • from Jupiter, Florida
  • Member since Sep 6, 2014
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Tom Brooks
  • Jupiter, FL
32
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Tom Brooks
  • Jupiter, FL
Replied

There can be an opportunity to lower that. I have a whole post about it.

https://www.biggerpockets.com/forums/61/topics/364937-reducing-flood-insurance-costs?page=1#p2316931

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