New to Real Estate · Mckinney, TX · Member since 2019 · 12 posts · 2 votes
I am new to the investment scene, been doing as much research as I can before I move to the area if i get this job. I know a flood occured recently and a lot of houses have since been remodeled. I wanted to know because flooding can occur how much risk is it to even invest in the Houston area. Is it allot for flood insurance to cover a complete loss of the house or be worth it. Also, I will be using a VA loan also for this property as I want to get started in my own real estate investment journey.
Thank you all in advance for your comments. This is my 1st post here and I want to be a regular in here now and don't hesitate to give me any advice.
You definitely need to pay attention to whether or not a property is in a flood zone, because flood insurance rates are going to increase drastically in the next few years. (25% every year!)
If you have a property you are considering, you can type in the address and check if it is in a flood zone here:
This is what I was wondering because it's still recent I want to know everything I possibly can. I am still about 7 months out from when I move so reading as much as possible trying to understand what I can and learn everyday.