Close to beach properties

[Mary Jay]

Hi guys,

1) What do you think, is a 2 floor building better structurally to survive during a hurricane or a one floor building?

I feel like it would be a one floor building, right?

2) Would you buy a property within 10-20 min walking distance to the beach? Flood zone is X500 (moderate to low risk) and flood factor is 5/10 (flood risk is increasing as sea levels rise and weather pattern change)

Would you guys buy a property like that for a rental?

Thank you!

[Henry Clark]

Whole lot of info needed.

1.  Type of construction.  Cinder block/concrete I will take the two story over one story wood frame.

2.  What do you call survive?

3.  Hurricane clips on roof or not?

4.  Type of foundation and elevation to ground level.

5.  Type of roof material.

6.  500 year flood zone, believe you don't have to buy Flood insurance.  But how much does flood insurance cost you. Minimal or exorbitant?  $300 per year, then non-issue.

7.  10 to 20 minute walk.  What's the neighborhood there and coming/going.  Would you buy?  All about returns.  If $100k house I can rent for $1,000 per week; I'll buy.  If $500k house rent for $700 per week I won't.  Assume partial year rental.

8.  Spread exposure.  Do all of your investments have this same question and exposure.  Or is this just one investment out of 10.

9.  Window and door construction/covers.