Houston Real Estate Market – 2017 Flooding


Houston Real Estate Market – 2017 Flooding

You can’t turn on the news without hearing about the death and destruction caused by Hurricane Harvey. Lately I’ve been answering emails left and right about the natural disaster. Because Houston is a popular rental market for investors, people are wondering how the hurricane will affect real estate investing.

In this video, I’m discussing purchasing real estate in flood zones, the purpose of natural disaster insurance, why Houston is prone to flood damage. You’ll learn how Texas compares to some of my favorite rental markets, and the future of Houston for real estate investing.

You’ll learn about the economic effects of Hurricane Harvey on Texas, and the plans to recover. I’ll discuss the contractor shortage, plans for recovery and more! Press play to learn about how Hurricane Harvey changed the rental market for real estate investors!

Show notes page for this episode: https://goo.gl/wxsmNg

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5 Most Landlord Friendly States: https://goo.gl/DmDgew

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20 Responses to Houston Real Estate Market – 2017 Flooding

  1. smonkey001

    Well, built stilt House then. Old problem old solution.

  2. Mr Charles

    One good thing if you don't rebuild is just get your FEMA loan and use it for something else. Not sure what the rules are on how you use the loan.

  3. j esco

    Haiti is still waiting for their Red Cross money. RedCross is incredibly corrupted

  4. Gary65437

    So how was your sandy quick draining soil, in FL after Irma? And nice road trip up to Georgia with plenty of gas along the way?
    Any better than Houston with their millions of population growth?

  5. Yi Lin Ye

    100-year-flood means the flood has 1% chance of happening in any given year not once every 100 year.

  6. TractorTrailerWorld

    Windsor Ontario had 2 hundred year floods back to back in 2016 and 2017. The city is surrounded on 3 sides by water.

  7. Joe Davis

    The benefit of investing in Houston is the incredibly strong and diverse jobs market. This is why it's different than hurricanes like Katrina, as the jobs are not easily replaceable OR easily moveable. You will not see any population exodus but rather an updated strategy. Inevitably, Houston will still grown and there will be those willing to buy homes in "100 year" flood planes – in the back of the mind knowing that they are paying for a house that will one day flood! But…it's a trade-off as they know the jobs are in Houston! America should also be interested in keeping the Houston economy strong – I would urge you to look into statistics that show how much the American economy is propped up by the energy, fuel and shipping industries……Lastly, sadly I think in the next few days you will have to update this to Houston/Florida flooding.

  8. It's A Mom Blog

    I would never buy property in Texas. Property taxes are too high and so are the natural disaster risks, hurricanes, tornadoes and floods. No thanks, I'll pass!

  9. Krisper Kreme

    Great analysis, thank you.

  10. Steve Pople

    What a thoughtful and very tasteful way to discuss a potentially touchy subject. Respect. Keep up the great work.

  11. Ben Liu

    So, conclusion is don't buy property in flood zone.

  12. Jordan

    Just pay off the people that want to live near where they would build the water door things. The U.S government wastes money on crap all the time anyways

  13. shapeshfters

    What about Tornadoes in Indiana?

  14. shapeshfters

    Recently watched a Dave Ramsey video where a Houston couple last year asked if they should buy their house, and Dave gave them an answer based on their current financial situation. I hope they didn't go through with it.

  15. salinas831100

    Haven't seen the video but I'm hoping its about how to take advantage an monetize the situation in Houston …

  16. Nikhil Naryanan

    Doesn't Indiana have tornado risk?

  17. Fab Maserati

    Loving and learning a LOT from your videos. Currently under hurricane Irma here in Puerto Rico.
    Much love!

  18. song dong

    Great information thanks

  19. Ken Davis

    I feel very fortunate, as I have a son and a brother in Houston. Neither one was flooded, but it was in fact a mess nonetheless. Things are getting back to normal for both of them in terms of getting to and from work, getting grocery stores re-stocked, etc.

    As an aside, my current single family rental properties (just 2, but my wife and I just got started this year) are in the DFW area, both north of Ft Worth, and there was no Harvey damage up in this area at all. Maybe a couple of inches of rain total, but it has been a VERY wet summer here anyway.

    However, I'm really concerned that the contractors that I hire to rehab rental properties are going to get sent down to Houston. I'm slowing down for now on acquisition of single family, as I currently have delays on the second acquisition for very simple rehab, getting carpeting and some ceiling fans (and a few other things to bring the house into current electrical code. But it's only a $5K rehab, not a gut by any means.)

    Ironically, my wife and I moved out of Houston the DAY after Hurricane Alicia way back in 1984. We were young, and the move to DFW was already planned. Just the timing. Alicia was not a particularly strong storm, but it did manage to drive water through the brick facade of our apartment, soaking both furniture and the cardboard boxes we had already packed.

    One last hurricane note – I was a 10 year-old with a dad in the Air Force in 1969, living in Biloxi Mississippi when Camille hit. Schools were out for weeks, potable water was a major issue, we had a tree that had blown into our house (and it was a rent house, fwiw! Military life.) But it hit and literally was gone, blue skies and just dodge the downed power lines and trees the morning after. Harvey was less destructive in terms of lives, but holy crap! 50 inches of rain is just insane.

    Your comments as always are very informative, and thanks for the content.

  20. American SuperTramp

    Harricane Harvey has provided Houston has an opportunity to correct bad zoning. If the state, city or federal government clears the debris they most likely send the bill to the land owner, whose bot going to pay a $75,000 clean up cost. Repo the land fix zoning and address flooding isue. Will they? It's a long slow process, but I'm thinking not likely.