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Updated over 6 years ago on . Most recent reply

User Stats

160
Posts
34
Votes
Thuy Pham-Satrappe
  • Rental Property Investor
  • San Clemente, CA
34
Votes |
160
Posts

FEMA flood zone Flip experience?

Thuy Pham-Satrappe
  • Rental Property Investor
  • San Clemente, CA
Posted

Who's got experience flipping a house in a FEMA flood zone with known history of flooding?

Did it cause issues when reselling them home? Lowered sales price? Increased DOM?

Did you put it in the realtor remarks section or when did you disclose?

Did you do "extra" things during the flip to address it?

I've got what I consider a healthy cushion for repairs as well as holding costs, and we went fairly conservative with ARV.

Note: I'm not looking to be convinced to not do it, I'm interested in hearing from those who have fixed and flipped.

Thank you!

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