All Forum Posts by: Ralph Dicharry

Thank you Bridget!  Great information!

Hey Robert thanks for this valuable info.  

It is in flood zone = AE.  

At the last REI meeting I attended in BR the panel of experts that were there said that there were 3 criteria that had to be met in order for the house to be elevated. It was repeated that all 3 had to be met for it to be elevated. They do have an elevation certificate. However, none of that really matters to me if my buyers are not interested in buying in FZ = AE.

Very good point in mentioning that the lowest floor elevation is also used to determine the insurance rates on the property! And yes I agree that all buyers need to know the FEMA guidelines as well as local ordinances.

I'll tell you that being new to all this flood housing market, it can get a little overwhelming at times.  We really need to do our homework before making a decision on moving forward on a property.

Thanks again Robert for all your input  into my situation!

Thank you Brian for you input.  It is greatly appreciated!

Augustine please PM me so I can give you the numbers I do have

Hi BP community!  Just looking to get a little help on flooded houses in Baton Rouge and surrounding areas.  I've been presented with 2 really good opportunities on flooded homes that took on 7' of water but I think I can get them at really low prices.   My question is would investors be interested in flooded homes that took on this much water or should I pass on them.  Repairs on both of them are well below 50% of the homes value.  

I welcome any advice on what to do with these 2 properties!

Thank you all for your input into this situation.  I must say that I couldn't agree more with Mr. Leonard about the people of Louisiana.  I am 57 years old and I have seen the people of this great state bounce back from these types of catastrophes more than once.  We have some great people living in the state of Louisiana as shown in the news coverage of the great flood of 2016.  People here move into action without any thought.  We do what we have to do but never doubt, we will rise above this and remain the great people of the State of Louisiana.

 I'd also like to thank you Mr. Johnson for your link!

Is this property on Tuma Dr?  If so please PM me so we can talk

Hi BP family

Living in Louisiana I'm beginning to receive calls about people wanting to get rid of their flooded houses from the 2016 flood.  I have never thought about flooded properties before so I decided to reach out to my BP family for advice.  

As buyers of investment properties, is this an area I would want to dive into to wholesale to buyers?  I guess my question is do you as investors have an interest in repairing flooded properties if I decide to wholesale them?

You guys remind me of why I love living in Louisiana!  We are a people who stay optimistic and we reach out to all our family, both personal and business, when in need.  Thank you for reminding me why I love the people of Louisiana.  

I have a 3 bedroom 1.5 bath 1713sqft house on Tuma Dr.  This house needs about $12,000 in repairs but when finished would make a great rental.  DM me and I'll give you all the details.