Should You Buy a Rental Property in a Flood Zone?
Before you purchase a rental property, you should thoroughly assess not only the property, but also the neighborhood and the market. One thing to consider is the possibility of natural disasters, including if the home is located in a flood zone.
In this video, I’ll discuss how to determine if a rental property is located in a flood zone. I’ll talk about evaluating FEMA maps, and how purchasing a home in a flood zone affects insurance costs.
This video is for you if you’ve ever wondered about purchasing a property in a flood zone! I’ll give you a straightforward opinion, but also share exceptions to the rule. I’ll share an example of a market that has great potential, but also high flood risk. Press play to learn more about flood zones for real estate investors!
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