New investor ? On flooded rehabs

[Rachel Lang]

Hi BP community!

New member here in Houston, tx. My husband and I are still in the research stage but growing more excited about buying our first flip house, utilizing the all cash plan.

Question for you all...my local market is saturated with flooded houses from hurricane harvey. Is anyone familiar with a similar market? Is it smart to take on a flooded home knowing it may be difficult to resale as people are averse to these homes, or would it be better to slightly overpay for a nonflooded home as these are in high demand right now?

Thanks!

Rachel