Since Hurricane Harvey occurred last year, there has been an influx of investors that came in from out of state. Additionally, our own local investors have been pretty active. Hundreds of homes have been purchased that were damaged in the floods and are undergoing restoration. Although some see we investors as just trying to take an opportunity to make profit, the flipside is that without investors these homes may not have been restored any time soon.

The benefit that we have to the community as a whole is that we can save homeowners who are not able to live in the home or repair it, and they can't get a loan to do it either. So when homes are damaged to the point where they just sit and rot away, we are able to purchase them, restore them, and bring them back to the market. It brings an additional element of helping the community as a whole, and this could be an important aspect when approaching homeowners who are apprehensive or clearly agitated about being in the situation that they're in.

While many homes have already been renovated, there are still plenty that remain damaged and need to be taken care of. This is also a good time for those of us involved in new development to start looking into how we can build more housing for those that remain displaced, and the numbers are likely to continue to increase as some folks aren't able to find proper permanent housing and we're still receiving new residents from other cities and states.

Food for thought!