All Forum Posts by: Lisa T.

I appreciate all of the helpful advice and suggestions!!    All of you,  are AWESOME!

We have found a potential investment property but it's in a floodplain. This property has not been updated much at all so there are no visual signs of flooding and the seller said that it hasn't ever flooded ( his parents owned the property since 1970 but was built in 1965). We want to buy the property but fear of,  flood insurance being required if we have it financed through a lender even though the lender states that it's not in a flood plain when they checked. The insurance companies state, that it is.  It taxed appraised at 120k but we can buy for 55k. (it is outdated and not designed great but in a good neighborhood and has other amenities)      Any suggestions would be greatly appreciated. 

My husband and I have five investment properties. Our interest rates are between 4.625 and 6.25 and the balances are less than $100k on each property,  so do we work on paying the principal balance down and not have so much interest to write off or try something different?  I look forward to any suggestions that are realistic for us.