All Forum Posts by: Shayla Fletcher

@Nicholas Jasmine will do...please join our meetup group at meetup.com for notes an upcoming meetings.

@Bill Gulley 6 are on the top floor. I hope that provides some relief in the years ahead. 

Thanks everyone...I am purchasing 8 units in a building of 40...my current estimate is 2500 annually which is not an impact on cash flow. I can handle that doubling but the fear of the unknown has me getting cold feet. This is a pretty good deal on paper but I am pretty concerned.

Based on my recent experience, if you are moving to this market I would recommend that you become very knowledgeable about flood insurance. This can significantly impact your buyers and complicate financings.

Can someone explain the risks of purchasing a home in a flood zone? I am working on a condo deal (8 units) that cash flows two thousand dollars after all expenses are paid. I received the appraisal yesterday and it included a warning about potential severe increases in flood insurance costs in the years ahead. I have read many things on the internet but I have yet to find a simple summary of what to expect in the years ahead. Also, I asked my insurance broker and she said she couldn't really tell me about future impacts because it is a federally managed program...please help

Thank you so much @Mark S. Ryans Alexandria has closed its doors for good.  That should provide an incentive for everyone to join us in our quest for financial freedom.  Its amazing how little control you really have as an employee.  I look forward to seeing everyone at the Ryans in Pineville on 10/6 at 6pm....Sorry for the change in venue

will do mark s. 

Great job on that financing! I will look into that as an option. Thanks for posting

The meetup will be at Ryan's on MacArthur in Alexandria.

All,

I am excited to finally announce a meetup in central Louisiana.  The meetup is scheduled for 10/6 at 6pm.  I look forward to seeing you there...