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Updated almost 6 years ago on . Most recent reply

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344
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Aaron Bihl
  • Investor
  • San Antonio, TX
267
Votes |
344
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San Antonio - Flood Zones

Aaron Bihl
  • Investor
  • San Antonio, TX
Posted

I was hoping to get some thoughts on buying in flood zones in and around the San Antonio area

-Is this something to stay away from?

-What issues/concerns should I be aware of?

-Other thoughts/concerns/experience 

Thanks for the insight!

Most Popular Reply

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590
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584
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Seth Teel
  • Investor
  • San Antonio, TX
584
Votes |
590
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Seth Teel
  • Investor
  • San Antonio, TX
Replied

@Aaron Bihl

One thing many folks are not aware of is most residential flood insurance is transferable by law.  So, when you get that outrageously high new quote from your insurance agent, ask the current owner if their policy is transferable.  More often than not, it is.  And you can pay their premium, not the new crazy high quote. 

  • Seth Teel
  • Loading replies...