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Re: Hurricane Harvey Properties

October 17, 2017 12:47PM
So to fill everyone who reads the message board here are my stats in Houston:

10,000 homes destroyed (In the neighborhood I choose)
5,000 flyers passed out (Thank you HomeDepot workers)
400 number of interested sellers
200 Truly wanting to sell


I setup my tracking software
I had my HomeDepot boys collect any flyers of home repair companies.
I have my title company setup.
I have done my research on flooded permits
I have done my research on what homes to avoid

I have 5 homes wanting to close at 40% of their max value, below are my stats.
Notes: The rents are at 80% of Pre-Harvey, the resale is at 80% of Pre-Harvey. Rents increase by 10% then, 15% from year 1 to 3.

Taxes Rent Acquisition Repairs Rent Rent YR 2 10% Increase Sales Price IRR ROI
YR1 YR2 YR3 YR4 YR5
3000 1600 -185000 -15000 16200 18120 19080 19080 19080 280000 11% 186%
7000 2400 -240000 -33000 21800 24680 26120 26120 26120 380000 11% 185%
6000 2200 -240000 -35000 20400 23040 24360 24360 24360 370000 10% 177%
8600 2600 -235000 -45000 22600 25720 27280 27280 27280 420000 12% 196%
5000 1800 -175000 -25000 16600 18760 19840 19840 19840 310000 12% 202%
5000 1600 -165000 -25000 14200 16120 17080 17080 17080 350000 14% 227%
1600 1800 -210000 -20000 20000 22160 23240 23240 23240 350000 12% 201%


Anyone interested in talking to me? Or perhaps you know of anyone who likes my very conservative figures?
Subject Author Views Posted

Hurricane Harvey Properties

notconor 184 August 30, 2017 11:05PM

Re: Hurricane Harvey Properties

Bill H 154 August 31, 2017 02:49PM

Re: Hurricane Harvey Properties

notconor 55 October 17, 2017 12:47PM



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