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General Landlording & Rental Properties

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Matthew Rembish
  • Flipper/Rehabber
  • Toms River, NJ
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378
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Houses in Flood Zones

Matthew Rembish
  • Flipper/Rehabber
  • Toms River, NJ
Posted Jan 14 2015, 17:59

I have a 70 foot wide lot in Toms River with 2 HOUSES ON IT...and it's on the water and in a flood zone. Would it make sense to look into buying it and renting both out? I've heard that houses in flood zones need to be raised but I've also heard there are ways around it. If the numbers, as far as cash flow for each one, make sense, is this worth doing or am I getting myself into trouble?

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