The floods bring contamination, so it isn't even safe to be in many areas.

If you are lucky there will be no contamination .  

If there's contamination, no lender will touch it until it's cleaned up.

People will leave the destroyed and contaminated areas and have to live elsewhere driving prices up in the "in" migratory areas.If a solar flare occurred like the "Carrington Event" in 1859, the results would be the same.If the Cascadia fault erupts (which is projected to be a 9.0 earthquake and is now over due) Seattle, Portland and Vancouver real estate prices will drop dramatically along with the destruction of large parts of the cities.The New Madrid fault is over due for an earthquake and depending on the severity could have similar results.For these reasons and others, I choose to invest "Subject To" for "cash flow" in safe real estate backed investments spread over four states to minimize my exposure and I take my "equity up front" and invest that in various other commodities.And, the sun will rise tomorrow and I will be prepared for any eventuality.

And -- The seller may still really need to offload that property and not want to do so on the traditional market.I am dealing with a case where the property was subject to methamphetamine contamination through no fault of the owner's.

The Phase 1 vendor may suggest a Phase 2 and soil samples to make sure the ground isn't contaminated from the oil tank.

The one problem being -- meth contamination in one of the units.Based on our inspections, this unit will most likely need to be a full gut.

Bathrooms and kitchen are shared.One tenant writes :A confrontation occurred because I kindly asked a roommate to clear her dishes out of the sink so I would avoid contact with them as I was exposed to covid 19 and did not want to cross contaminate her dishes and I was told that since I was exposed to covid 19 that I am not allowed to use kitchen or bathroom.

Purchase the property with leaky oil tank.Purchase property with the intent of flipping.The sellers were originally going to rememediate however my attorney suggested we accept $20,000 (cost of remediation) off sale price, use the sellers contractor and close on the home.As it turns out the attorney did not read the Remediation contract very well and Remediation was for only partial cleanup and Contractor not licensed in the state of Connecticut which is a requirement.When we begin the process we informed the attorney we wanted all contaminated soil remediatedNow I’m stuck with a property where Remediation will cost well over $75,000 .There’s also an issue with the Well Water most likely being contaminated.

Purchase the property with leaky oil tank.The sellers  were originally going to rememediate however my attorney suggested we accept  $20,000 (cost of remediation) off sale price, use the sellers contractor and close on the home.As it turns out the attorney did not read the Remediation contract very well and Remediation was for only partial cleanup and Contractor not licensed in the state of Connecticut which is a requirement.When we begin the process we informed the attorney we wanted all contaminated soil remediatedNow I’m stuck with a property where Remediation will cost well over $75,000 .There’s also an issue with the Well Water most likely being contaminated.