Investment Rental on Busy Street and Flood Zone

[Brandon Pearsons]

Hello,

I am wondering what your thoughts would be in regards to buying a nice investment rental house on a busy street*, it is also in flood zone A ( required flood insurance)

Inventory is very low and want to keep my rentals local so I can work on them myself. This is probably my only opportunity for a while. Prices keep going up and the numbers are working so much anymore. The numbers seem ok with this place.

* I had to wait for cars pass on the road in order to continue my conversation with the neighbor because of the road noise. We were standing a few feet apart.

[Colleen F.]

Read up on FEMA remapping of flood zones and get an idea of flood insurances costs before you decide on this. Flood insurance is going up and could differ significantly from the rate the current owner is paying.