Insurance on first property

[Christopher Short]

Recently been looking into fourplexes. One of the homes I’ve been looking at stated, “Note: a small portion of one corner of property lies in 100-year flood plain. Have appraiser confirm, this designation may have expired.” Was wondering if anyone has had experience with rental properties in flood zones? I am especially curious about how it may affect rents and home sale values. Also, what is the general cost of flood insurance for multi family properties?

[Caleb Heimsoth]

@Christopher Short. If your lender requires flood insurance that’ll cost thousands per year