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Updated almost 7 years ago on . Most recent reply

Scott Bolinger's profile image
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Scott Bolinger
  • Investor
  • from Mission Viejo, California
  • Member since Oct 9, 2016
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Scott Bolinger's profile image
Scott Bolinger's profile image
Scott Bolinger
  • Investor
  • from Mission Viejo, California
  • Member since Oct 9, 2016
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Scott Bolinger
  • Investor
  • Mission Viejo, CA
20
Votes |
36
Posts
Real Estate Deal Analysis & Advice

Flip flooded home in Houston, any advice?

Scott Bolinger
  • Investor
  • Mission Viejo, CA
Posted

I'm currently looking at a deal in Houston, PP is 200k, estimated repairs 80K, ARV 400K.

Anyone familiar with the area know what to look out for in this type of situation? There are a lot of unknowns dealing with a flooded house, any advice is helpful.

Thanks!

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Drew Shirley's profile image
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Drew Shirley
  • Attorney / Multifamily Investor
  • from Houston, TX
  • Member since May 26, 2009
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Drew Shirley's profile image
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Drew Shirley
  • Attorney / Multifamily Investor
  • from Houston, TX
  • Member since May 26, 2009
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Drew Shirley
  • Attorney / Multifamily Investor
  • Houston, TX
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Drew Shirley
  • Attorney / Multifamily Investor
  • Houston, TX
Replied

Where are you getting your ARV number from? If it's from before the flood, you'll need to knock off quite a bit.

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