Record Hurricane Activity Opens Doors To No Money Down House Flipping

Record storm activity is creating both tragedy and new opportunities for social good and investment, as well a low and no money down real estate deals.

Increasing Storm Activity

Hurricane Harvey is believed to have set a new record for storm damage in Southern Texas. Just days later 3 hurricanes were simultaneously active in the south; Katia, Jose, and Irma. Irma was ranked as the strongest storm ever, even surpassing the incredibly devastating power of Andrew in the early 1990s. These storms only marked around the halfway point of the 2017 Atlantic Hurricane Season.

Hundreds of thousands have been evacuated or displaced by these storms, with hundreds of thousands of housing units believed to be impacted by winds and flooding. Some properties will be completely destroyed, others will be beyond the ability of owners to repair. Other owners and residents are likely to move to less storm prone areas, or invest their dollars elsewhere.

Opportunity & Ethics

While need and challenges always create opportunities, it is important that home buyers, Realtors, and investors cling to their ethics during these times. There will be predators, criminals, and opportunists out there looking to take advantage of people. We must all work together to protect our neighbors, peers, family members, and communities, as well as the integrity of the industry.

There will be deals available. There will be help for investors and homeowners needing to sell. As well as for landlords who see demand for units rise. Commit to doing good business, creating real win-win solutions, helping others out, and we can work together for the greater good.

How to Flip Houses with No Money Down

With thousands of distressed property situations there will certainly be cases in which buyers and investors can help out others through low and no money down real estate transactions. These may be properties to flip, wholesale, lease, or develop. Owners may lack the money to make repairs, may see home values dive and become underwater with mortgages, may have damaged that regular buyers can’t get home loans on, or they may need to be rebuilt.

Investor buyers can put together a variety of solutions for these situations, including:

• Lease options
• Rent to own
• Lease backs
• Seller financing
• Partnerships

Using Real Estate Agents to Help

Both home buyers and sellers will find great real estate agents an invaluable ally during these times. Buyers and sellers may not be able to get into the areas themselves, will need expert advice on the new landscape, and may need additional help with sorting personal belongings, and structuring these unique deals.