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Updated about 6 years ago on . Most recent reply

User Stats

23
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4
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Quinity Williams
  • Flipper/Rehabber
  • Pearland, TX
4
Votes |
23
Posts

Investing in Houston homes that flooded

Quinity Williams
  • Flipper/Rehabber
  • Pearland, TX
Posted

Evening BP Family, 

We're rookies and just finished driving for dollars and seen a number of empty homes in the houston area due to flooding? Is investing in a home that flooded during Hurricane Harvey a good idea? Will the value of the neighborhoods return? We plan on BRRRR'ing if that help with your guidance.

Thanks in advance.

T & Q

Most Popular Reply

User Stats

64
Posts
18
Votes
Camilo Rey
  • Houston, TX
18
Votes |
64
Posts
Camilo Rey
  • Houston, TX
Replied

@Quinity Williams I have been looking closely at the market of the houses that were flooded. I can assure you that the prices have behaved in an unpredictable way and despite all the damage, the city has recovered quickly. In fact, there are many shortages of materials or a long waiting period. I really believe that this market is a good opportunity for BRRRR.

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