Flooded Homes in Houston Texas

3 Replies

Due to the unfortunate flood in Houston Texas it has created a vast amount of rebuilding on homes. But for the investors this is a great opportunity to assist in the rebuilding process as well as create income and I was curious as an wholesaler; when it comes to homes that has currently flooded what do investors look for and what is the best way to Market to these home owners

The biggest thing I would say, Demarkus is that the house was promptly gutted above the flood level and considered "clean and dry". If the house was NOT gutted, insulation not removed, flooring not removed and/or wet areas not sprayed for mold, there is a potential for many more problems with that property that may not meet the eye.

@Demarkus Fielder I too am a Houston wholesaler and see flood homes on a daily basis. What @Kevin Domschine says is completely accurate. However, there are so many factors now in play such as the number of times it has flooded, was it due to reservoir release on Sunday night etc. The other factors include total rehab cost, was upstairs previously updated etc. There is quite a lot of inventory at the moment, so our investors are picking and choosing with a number of factors in play. But yes, most importantly it's if the home was properly remediated. As soon as you walk into a home you can tell, first from the smell and then by inspecting the studs etc.

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