Hopefully someone has some sort of experience with this or can give me some advice.Theres a property I was looking at that I would love for a fix n flip project, but before placing an offer I found out the front yard is clipped into the floodzone, and the home itself will require flood insurance because of that small clip of zone A. I

@Llewelyn A. I

@Brad Umansky Hi Brad I suggest that you start your analysis using an income driven approach and run the residual pro forma based on rent rates.Trying to establish construction and soft cost at the stage the deal is in is a much heavier lift than basing values and performance on how much NOI the project can produce.

For me, I wrote a program that uses AI to flag potential properties based on ARV - asking price and only looks at the top 10-20 deals. 

This surge is driven by high demand for affordable housing in the area, while single-family homes remained stable at a median price of $447,435.

A: I think you said something about lowering your rate, rates are not coming down.

Many OOS investors set themselves up for failure because they don't invest the time to ACTUALLY understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.8) Class A is relatively easy to manage, can even be DIY remote managed from another state.

In a world driven by financial pursuits and profit margins, stewardship often takes a back seat.

E m a i l me at  rs [ at ] sayerandassociates [ dot ] com

BP has a wealth of knowledge and makes meeting people driven investors really easy.