Fayetteville, NC - Florence and now Michael! To buy or not to buy

[Matt Gilroy]

Hello NC BP!

I hope you're all safe and out of harms way!  I'm curious how the recent Hurricane Florence and the pending Tropical Storm Michael have/will affect the Fayetteville area.  A few questions...

- With not much elevation, are you seeing homes flooding again?  

- Do you purchase federal Flood Insurance for your rentals?  If so, what are some average annual premiums?  Have you seen a massive price spike after a major event (like Florence and likely Michael, or Matthew a couple years ago?)

- Are you seeing a lot of homes that were flooded be vacated or are a lot of homeowners/renters repairing?

- How far along in the recovery process is Fayetteville?  

Thanks!!