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Updated almost 8 years ago,

John Frank's profile image
John Frank's profile image
John Frank
  • Rental Property Investor
  • from California, PA
  • Member since Feb 2, 2016
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User Stats

72
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8
Votes
John Frank's profile image
John Frank's profile image
John Frank
  • Rental Property Investor
  • from California, PA
  • Member since Feb 2, 2016
Connect
John Frank
  • Rental Property Investor
  • California, PA
8
Votes |
72
Posts
Insurance

Flood Insurance

John Frank
  • Rental Property Investor
  • California, PA
Posted

So I am looking to purchase a student rental duplex in my local college town.  I am being told by the mortgage company that I need flood insurance. I have gotten a couple quotes and it is in the range from $3800/yr to $4500/yr. This is outrageous! This is going to kill my NOI if I can't figure something else out in regards to the insurance. Does anyone have any suggestions?

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