My husband and I planned to buy a live in flip this year in Houston. It would be our first home purchase. However with the destruction of hurricane Harvey what is a smart decision to make in this regard?
I would say continue to invest. I am doing the same. If you are wanting to play it safe focus on areas that were not flood or flooded but it was an anomaly. If you're more of a risk taker, invested in a flooded home and purchase it as a discount to repair it back together, rent it then sale it later when the value has gone up and people don't assume we flood like this all the time.
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you