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Updated over 5 years ago on . Most recent reply

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39
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6
Votes
Carmen Lewis
  • Dayton, OH
6
Votes |
39
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Dayton Tornados-How does that affect investors?

Carmen Lewis
  • Dayton, OH
Posted

I'm a newbie, still learning and hunting my first deal. I was just curious how does a natural disaster affect real estate investors? Is this a good time for investors or a time to chill out? I don't want to be insensitive to anyone affected by it, so I've been kind of chill for the past week. Has any of you experienced a natural disaster in your area, and how did it affect you as an investor? 

Most Popular Reply

User Stats

312
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273
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Gordon Starr
  • Rental Property Investor
  • Dayton, OH
273
Votes |
312
Posts
Gordon Starr
  • Rental Property Investor
  • Dayton, OH
Replied

Those #$@% tornadoes tried to suck up all my houses including where I live... but failed! Only a few knocked down trees and limbs - no damage to the structures. Speaking for the trotwood and harrison township areas, things would have been a lot worse had the place not been so well built to begin with. It tore through the north dixie corridor with a vengeance. That area probably could have used rebuilding anyway, though.  The only place I know that is completely gone was a strip club. A  lot of people are saying God had a hand in that. Contractors and rehabbers may be tied up fixing the damage and I see this driving up rents and prices throughout the dayton area. Fortunately, there was a small army of people working on Dayton already. So, it should not take too long. 

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