How to make a buck or two from a hurricane ravaged town?
I’m from Panama City FL, a town that was just destroyed by a cat 5 storm, Hurricane Michael. I currently own a commercial property, in another town that wasn’t damaged, that has about $300k in equity. I’m thinking about selling and then doing a 1031 tax deferment into another investment. I have no experience in CRE other than buying my current property but I’d like to progress.

What kind of investment opportunities might be present in a hurricane ravaged town? What kind of deals would you pursue? Thanks for any advice.


[{"id": "ehj31x2", "text": "Probably a development play if somebody didn\u2019t have flood insurance and needs to sell something that is well located. Talk to the local banks and see who\u2019s about to get foreclosed on and buy some notes. ", "replies": [{"id": "ehj4ys7", "text": "BAD IDEA. Florida is a brutal state to foreclose in - it\u2019s judicial foreclosure and takes like 18 months Would not recommend this strategy unless you know what you\u2019re doing and have time and money. Look at Trigild book chapter on it it\u2019s a nightmare (surprisingly) ", "replies": [], "depth": 2}], "depth": 1}, {"id": "ehk4ep8", "text": "Look to buy high retail corners that were damaged on .6 on the $1. \n\nI would bet most aren't going to have a For Sale Sign up or anything as i'm sure they are still going through the insurance process. ", "replies": [], "depth": 1}]