Madisonville, LA · Member since 2016 · 12 posts · 5 votes
Hello all,
What are investors thoughts regarding investing in a market that recently flooded? Specifically I am talking about the Baton Rouge area? I see the "we buy houses" signs up everywhere so someone must be doing it. Just curious what strategy is profitable in a situation like this.
Investor · Lafayette/Baton Rouge, LA · Member since 2013 · 1k+ posts · 915 votes
9y
Hello @Chris Clark, there are several threads on this topic. Search for "flooded properties baton rouge" in the search box on the upper right hand side of this page and you will see lots of discussion and comments on the topic.
Real Estate Professional · Baton Rouge, LA · Member since 2016 · 109 posts · 30 votes
9y
none seem to pop into my head @Chris Clark, but other than FEMA and NFIP, are 2 key players that can make or not make you want to invest in the post-flood "redstick," my realtors work with us and we try not to buy in flood zone areas, but our newest project will require a flood certificate, if we have to elevate then no deal, but we are expecting to rehab and standard flood insurance, this is the new norm after the devastation, we buy low and sell for profit, just hope home-owners that want to invest in these areas will go the additional mile and get contents/possession coverage as well, always keep Louisiana strong, keep posting but most of all keep sharing
Madisonville, LA · Member since 2016 · 12 posts · 5 votes
9y
Thanks Michael,
I'm still 6-12 months away from dipping my toes into real estate and was just curious. I wouldn't think of getting involved with flood properties as my first step. I'm in sales and on the streets in B.R. daily so all the bandit signs peaked my interest. Thanks again.