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All Forum Posts by: Daniel Younger

Daniel Younger has started 1 posts and replied 1 times.

Commercial Real Estate Investing

Post: Thoughts on properties in AE Flood zone

Daniel YoungerPosted
  • Posts 1
  • Votes 1
Anyone ever considered investing in a commercial property located in a FEMA designated AE Flood zone?  I've got an opportunity to invest in one now and I'm not sure I want to take the risk.  The seller said the Floor insurance costs them $5,371/year and it has flooded one time in the last 5 years.  Anyone have any experience investing in properties in flood zones that could offer some thoughts on this?

FYI - The flood risk is a creek that runs along the side of the property that has been known to flood into the property on occasion.
1 Vote
Washington, DC