Houston, TX · Member since 2017 · 2 posts · 1 vote
I'm curious why investors would want to buy a flooded home? Here in Houston we are seeing a demand (still small, but growing) for flooded homes. I wholesale and rent, but I'm confused why someone would want a home that has flooded. Even more confused why someone would want a home that was flooded more than once.
Rental Property Investor · Boone, NC · Member since 2015 · 291 posts · 88 votes
9y
@Ryan Jones I would love to know too but it seems like people have a short memory, which is why they would be willing to buy houses that flooded in the past.
Wholesaler · New England · Member since 2015 · 40 posts · 21 votes
9y
You may be able to buy them cheap, especially from people without proper insurance, but.... you probably would need flood insurance on the purchase if not cash purchase...and if you try to sell later to someone financing... they would need flood insurance if even feasible ... watch out
Dallas, TX · Member since 2016 · 37 posts · 10 votes
9y
Buy at an incredible discount. Rehab and sell. When was the last time we saw a natural disaster of this magnitude in Houston? Life goes on. There will be people moving out of the city and there will be people moving into the city. Offer and demand!