William Chen
Home Insurance Claim Settlement for Water Damage Questions
A month ago in October, my quadplex in Atlanta, GA experienced some water flooding issues during tenant move out with significant damage to two units and minor damage to the third unit.The property manager was unable ...
Christopher Toth
Would you buy a rental in a FEMA 0.2% chance flood zone?
what are your thoughts on purchasing a property that is in a FEMA 0.2% Annual chance of flooding zone for a rental?
Edita D.
Flood insurance costs soaring
Hey guys!
I came across an article about flood insurance soaring costs on CNN money. ( can't provide
a link since I am using the BP app).
How do you think this will affect rental properties located at high flood ris...
Nate Richards
New property, water thru wall during heavy rain, whats my respons
Hi, I just bought my second unit, a probate rehab & rent. It took me 90 days to fix it up and place a new tenant. Ive noticed that the basement wall seeps water during very heavy rain due to hydrostatic pressure. ...
Account Closed
New Bedford question
I am relocating to New Bedford, Massachusetts and had a couple questions about multifamily units on Clark's Point near Hazelwood park which we would house hack. Specifically, is that a good location for rental units? ...
Brandon McMullin
rental property is totaled due to flood, need help/advice
I have a duplex, I live in one side and renting out the other. it is in a flood zone and I do have flood insurance, im on an FHA loan. I put sand bags around the property about 4 layers high, and had a sump pump going...
Patrick Q.
What Are My Costs Multifamily (2-4 units)
Hello All,
I am planning on buying a multifamily owner occupied property shortly in Jersey City NJ.
I am trying to compile a full list of costs/allowances that I have to account for on the front end when doing my d...
Phillip Lebron
Changing flood zones
Looking at some deals in the St Petersburg Florida area. Some parts of St. Petersburg are not in a flood zone. I know for some homes that ARE in flood zones in the area, the property owners have some astronomical flo...
Johnny Peterson
The greatest flooding basement never told
Okay, I'm not an angry man but when I'm lied to- not happy. Four years ago we bought our house and asked the owner if ever there was a flooding problem. "Nope.", she said.
"What's a flooding problem?", she sa...
Himanshu Jain
Buyer asking for compensation after closing as basement flooded
Just completed my first flip and sold the house on day one. Now with recent heavy rains the basement got flooded after closing. As per buyer there are signs of flooding before and they claim that I tried to hide that ...