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All Forum Posts by: Jeremiah Williams

Jeremiah Williams has started 4 posts and replied 11 times.

Real Estate Deal Analysis & Advice

Post: High Flood Insurance? What to do?

Jeremiah WilliamsPosted
  • Bessemer City, NC
  • Posts 14
  • Votes 4

Hey Alex, I recently looked at and evaluated a potential property that was in a flood zone. Based on the premium that the seller was currently paying, the house could've cash flowed. 

Unfortunately, flood insurance is going up like crazy every year so it is practically impossible to make any money or to even predict what you're going to be paying in 5, 10 years. For that reason, I'm going to steer clear of any properties that are in a flood zone. 

1 Vote