Are Flooded Homes Good Investments For First Time Investors?

[Keith J. Davis Jr.]

As a newbie (or aspiring) RE investor, I'm looking to make my first purchase. I wanted to ask, with the devastation of hurricane Harvey, there are a ton of flooded homes in the Houston area that need repairs, many have been gutted to the studs already. Is it a good idea to invest in flooded homes in general, if so, is it a good idea to invest in one for my first property? After repairs, is there resell potential from buyers knowing the home has been flooded in the past?