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Updated over 4 years ago on . Most recent reply

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Jeff Brooks
  • Investor
  • Southborough, MA
0
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1
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advice after house flooded. ?buy a new one while first is fixed

Jeff Brooks
  • Investor
  • Southborough, MA
Posted

Hi My house flooded this week and my entire first floor including kitchen and finished basement are ruined and will need complete replacement. My family and I have ben told my multiple adjusters that we will be out of the house for at least 6-10 months. We have been looking to rent a house but have not found anything suitable. I was considering buying another house through a company or trust I could create and then renting that house( which will be paid by the insurance company). I would try to continue to rent the house after we get back in ours or I could turn around and sell it. Does this sound crazy or is this something that people do? Any advice would be helpful.

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