Updated about 8 years ago on . Most recent reply
Investing in Flooded Home
Hello. I am new to all of this and eager to learn more to begin investing in rental properties. With that being said, I live in an area hit hard by Hurricane Harvey this year. As a result, a lot of people are selling their homes because its too expensive to repair and many homeowners are elderly and retired. I am interested in purchasing one of the homes. The owner is selling it as is and says it has been gutted. I will tour the home this weekend and she will quote me a price then. My question is, is this a wise investment for someone just starting out??