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Updated almost 6 years ago on . Most recent reply

User Stats

21
Posts
4
Votes
Brandon McMullin
  • Rockton, IL
4
Votes |
21
Posts

rental property is totaled due to flood, need help/advice

Brandon McMullin
  • Rockton, IL
Posted

I have a duplex, I live in one side and renting out the other. it is in a flood zone and I do have flood insurance, im on an FHA loan. I put sand bags around the property about 4 layers high, and had a sump pump going. the water is just way to high now, it is record high. my duplex was even on the news, what do I do now...

is there any services or grants to help me pay for what insurance can't

what are the chances I could somehow get off of the fha loan and have a new building made?

is my flood insurance company actually going to be on my side here? 

this is my first investment property as I am new to this. I just need some sort of direction 

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