Hey all,My wife and I have been on the look out for our first deal and we actually found a property way below market value but, there are some catches.-The house has sat vacant for a little over a year-It is bank owne...

Hello,   I want to get my calculations as correct as possible for determining possible cash flow.  I've been told that flood insurance can be a little or a lot depending on where you are in Sac.  I looked at the flood...

Hello. I'm on the fence about a buy and hold in a FEMA flood area X. if the property is mortgaged is Flood insurance mandatory? I know A and AE it is. Seems there is a lot of gray area in this subject.. Thanks

FACT: We have had 393 earthquakes in the San Francisco Bay Area in the last 12 months.(Source: https://earthquaketrack.com/v/sf/recent).Extreme weather like the recent hurricanes and flooding in Houston and Florida, t...

My basement had water a few days ago, and I immediately contacted my contractor and his crew to come in to remediate the issue. The tenant had a few items damaged, and I had warned him before that it may flood. In fac...

Been wanting to write this for a while, but got distracted with my buy and hold houses. I've learned so much from Bigger pockets that I wanted to share my Rookie mistakes and hopefully help others.Overview- Bought thi...

Hi , Recently I was staying in a condo and due to condos management negligence there was a flood of hot water in my appartment. Thankfully this happened during day time . If this would have happened in the night we co...

We are 3 days away from closing and I get a paper that lists the things that I need to bring to closing. No problem until I see, "This property is in a special flood area" and you need "proof of flood insurance."

Th...

Received an email this morning with homes in a good area here in Houston but issue is all flooded during Harvey. These are off market and Seller would like to sell them all and is highly motivated. Wants to meet to to...

I've heard in other forums from single family investors in Houston get flood insurance regardless of whether the property is within or outside the 500 year flood plane. I received a quote today for flood insurance on ...