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Updated almost 6 years ago on . Most recent reply

Sherman Dunn's profile image
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Sherman Dunn
  • Rental Property Investor
  • from Baton Rouge | New Orleans, LA
  • Member since Aug 13, 2018
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Sherman Dunn's profile image
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Sherman Dunn
  • Rental Property Investor
  • from Baton Rouge | New Orleans, LA
  • Member since Aug 13, 2018
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Sherman Dunn
  • Rental Property Investor
  • Baton Rouge | New Orleans, LA
7
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Multi-Family and Apartment Investing

Dealbreaker Flood Insurance ?

Sherman Dunn
  • Rental Property Investor
  • Baton Rouge | New Orleans, LA
Posted

At what point does flood insurance become a dealbreaker for you? -$25 cash flow a door? $50? Looking at a deal where the insurance on the building and flood insurance are identical, doubling that cost of insurance per year. What is your take on this?

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Bjorn Ahlblad's profile image
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Bjorn Ahlblad
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  • from Shelton, WA
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Bjorn Ahlblad
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Bjorn Ahlblad
  • Investor
  • Shelton, WA
Replied

@Sherman Dunn If you are in a flood area you need flood insurance. You should not do a deal that is so iffy it can be tanked by buying insurance-any insurance. Look for a better deal that one is a non starter. IMO

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