Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Houston Real Estate Forum
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 3 years ago on . Most recent reply

User Stats

5
Posts
2
Votes
Jake Dearmon
2
Votes |
5
Posts

Vacation Rentals in Sargent, TX

Jake Dearmon
Posted

During the summer the family loves to spend time down in Sargent, TX. It's got a small town vibe (rightfully so) but can get very busy with the Houston crowd during the summer months. I've done quite a lot of REI strategies throughout the years but vacation rentals is not one of them.

I was looking at potential deals to buy and lease out (BnB) while we are not down there. Doesn't need to cash flow, just something to pay the mortgage. I've run the numbers but can't seem to make it work with the estimates I see from other BnB's in the area. Has anyone else considered this area for the same strategy?

Most Popular Reply

User Stats

54
Posts
35
Votes
Barrett Bridgewater
  • Surveyor
35
Votes |
54
Posts
Replied

@Jake Dearmon @David Martin @James Siller Flood Zones can break or make a deal.  We know how they break one... but how do they make a deal?  

Consider: the FEMA Flood Map is highly inaccurate. As an engineering firm (National Flood Experts) we've been able to qualify properties for flood designation removals and we have success petitioning FEMA to get that done. 

So, if the current owner thinks it is in a flood zone they are selling it cheaper and they are paying yearly flood insurance. BUT, if we can tell you it can be removed... then you buy at that lesser amount, we flip it off the FEMA Flood Map, your lender mandate forcing you to buy flood insurance goes away, and now you have built in NOI no one knew was possible.

Because of the Flood Map inaccuracies a Flood Zone property could be an opportunity waiting to be discovered.  

Loading replies...