Central New Jersey - new to BP

[William Garcia]

Greetings all, and especially my NJ colleagues.

I'm new to the RE Investor world and actively looking for our first rental income prop. My initial focus is Monmouth and Middlesex counties.

I'm seeing some Single family homes that would fit nicely for section 8, but a number of them are in AE flood zones.  My question to any of you, do you avoid these, or do you indeed have flood insurance, and if so, what is the avg. annual premium so I can plug into the calculator.

And lastly, do those premiums generally go up every year or are the premiums reliable (stable)?

I welcome networking with those in the business and fairly local.

Thanks for any feedback all - glads to be part of the BP family.