Why FEMA Flood Zone Maps Must Be Part of Due Diligence for Investors - Next Level Thursday

<p>Welcome to Next Level Thursday!</p> <p>On our very first episode we're going to discuss FEMA Flood Zone Maps and why you must include them in your due diligence when buying any type of property.</p> <p>Both lenders and insurance companies look at FEMA flood maps to assess risk and determine whether you'll need to pay for extra flood insurance—which can be quite costly.</p> <p>If you're already paying for flood insurance, then you'll also want to re-check the FEMA flood maps because they've been updated in the past year.</p> <p>I'll discuss my property where we were paying an extra $15,000 in flood insurance, and how FEMA revised their flood maps and I don't have to pay that any longer.</p>