Any investors in Denham Springs/Baton Rouge, La area

[Stefen Sheets]

Hey guys, I'm currently in the Denham Springs, Louisiana area and wanting to reach out to any investors and ask what's the best direction for the "flooded" market. Flip the flooded homes? Rehab, rent and hold? Love to meet with you and understand this better. Any information helps. Thanks guys

[David S.]

As to whether you want to flip or buy/hold, I believe that would be a function of your personality, needs, wants, and goals. 

If you would like a more active role and want to make short term profits, by all means you can do well with flipping at the right entry price point. There has been an article in the Baton Rouge Business Report about how flippers are making good money in O'Neal Place subdivision in Baton Rouge.  If you want more passive income, then rentals would be good for you (however, the first part of dealing with a flooded home will be like doing a flip).  Or a combination of both would give you cash infusions and regular income. 

However, I must stress that you must know your market to pay the correct price.  There is a lot of overpriced flood property on the market right now.  You need to consider that you are taking the responsibility of CORRECTLY rehabbing the property so that it is safer than it was before it got flooded.  That means properly treating it for mold.  I take the extra step and put a very expensive coating so that I know there won't be a problem years later when the walls are closed up.