Flipping in a Flood Zone (New Jersey)
To all my New Jersey flippers out there--what has your experience been with flipping homes that are in a flood zone? Do they sit on the market longer, are prospective buyers more hesitant, etc.? I think in the past maybe it might not have been too bad depending on the classification, but with the new Risk Rating 2.0 system driving flood insurance premium prices up exponentially, I'm wondering if anyone has firsthand experience that they can speak to.