Property in a flood zone

[Marc Zumpano]

Hi I am a new investor currently in the finishing steps of closing on a property. The property is in flood zone and it requires FEMA backed flood insurance. The cheapest quote I have gotten is $2800 is there any advice or tips that anyone has for me on how to get a more affordable flood insurance. As well as does anyone have any experience with properties in a flood zone and what are some of your experience with them?