Wildfire in Texas

[Isaiah Cuellar]

Forgive me for asking, I’m sure this may be a sensitive topic but I’m sure this question is on a few people’s minds, but I recently heard about the Texas wildfire and was wondering if there could be any opportunity that comes with it. If there is, where should I look? What exactly am I looking for? I figured this would create some possibility of buying dirt cheap land in heavily affected areas and maybe holding until people rebuild around it and being the value back up maybe??

I’m 22 and was never really involved with out of state affairs so I’m just trying to get an understanding of what happens after things like this.

[Henry Clark]

What town are you living in?  If you live out there you might buy a burned out house and rebuild.  But the value would only be as a place to live.  You wouldn’t buy a 3,000 acre ranch unless you’re getting into agriculture.  They won’t sell because it’s spring and the vegetation will grow back this month anyways.  

West Texas and other rural communities there are very few land “Deals” since you need to bring the purpose to the property.  

Maui fire.  That land is the value, not whether you live there or do a business.  

Hope you folks out there are working your way thru that tragedy in both places.  

If you're 22 there are a lot more opportunities where you live. Just have to learn those REI techniques. Forget the out of state investing. Start your snowball close by and using your personal needs to invest.