Hi everyone!Is it good idea to buy a four family house in flood zone? Flood insurance is $390, three of four units are rented. Property is in Baytown TX. Asking price $165.000 and rental income is $2575.00, taxes $469...
Just reached a purchase agreement yesterday for a SFR in Rhode Island. Built 1880. In AE flood zone. Basement with bulkhead, can't find a flood elevation certificate yet. No claims on file. Just called USAA and was qu...
Investment Info:
Single-family residence buy & hold investment.
Well built tiny-cabin (650sq. ft) with oversized and overbuilt garage (1000sq. ft) on 1/4 acre lot in the highest elevation year-round comm...
All,
I have owned a single-family home in West Virginia for 11 years, and have operated it as a rental for most of that time. I decided to get rid of it year and finally got it locked up under contract with a...
Hi allWhat are somethings to consider or worry about when thinking on buying a property in a flood zone?Does it deter you as an investor? If not any tips on how to successfully buy a property in a flood zone.Thank you
I am looking at a 4 Unit apartment complex, vacancy is at 100% - total monthly rent is 2500$ - price listed to sale is 250K, but I think I could get them down to 230K. However the location is determined a 100 year flo...
We purchased a two flat (converted from single family home) a year ago. Paid for flood insurance when we closed on the deal. Now we get a letter from FEMA stating our flood insurance premium is more than doubled. Re...
Ok, i am sure the title of this question looks pretty dumb...
I am hearing sad stories about people up here in New York that had Hurricane insurance but did not have flood insurance and therefore were not protected w...
I'm a newbie investor and came across a property recently that caught my eye - I should probably walk away from it but I thought I would first canvass the views of the professionals - hence my question!!Looking at a p...