Is anybody buying flood properties in Houston or Spring Tx? We have a lot of them and getting more. A lot of them are in the same neighborhood. Please let me know.
I like the idea of doing that.
Have you began to rehab any of those properties?
I went to the area near Addicks dam a few weeks ago to take a look. It still looks like a war zone on some streets. Know that Harvey was not the only ravaging flood that brought in 3-5 feet of water into the homes. They had the tax day flood and Rita too that devastated the area. And it will happen again since its in a flood plain. A gutted moldy house I was checking out was still over $100k. I wouldn't have bought it for even half that. Then you or your renyers or buyers have more flooding to deal with inevitably. That hardest hit area is in a catch basin that should never have been developed.
Antoine we are wholesaling the properties.
I'm an a few groups I'll give you a shoutout and see what happens. We can do a 50/50?
We are. PM me and I’ll send you my details
Great pm me the info guys.