Flood plain lots - any play there?

[Alex Gurevich]

Hi there fellow Investors,

Does anybody see any play with the flood plain lots? There seems to be quite a few on the market with not a lot of interest. The prices are being slowly reduced on many of them. I have seen a few in 78721 finally sold in the 120-150K range. 

Does anyone has any experience with building on lots in the City of Austin 25-years flood plain? 

The bottom line question is - do they make any sense for a builder IF they could be had for a very low price?

Thank you.

Alex Gurevich
Call/Text: 512-773-5673
Email: equity...@yahoo.com

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> ...And we also buy houses, 2-4 units & vacant lots

[Luis Basto]

Some potential questions. 

• Does the city have special requirements for building on such lots
• History of actual flooding. Of course history does not indicate future. 
• How much higher must the slab be?

 The city is still able to take back such areas, as in the Onion Creek section.

Regards,

Luis Basto 

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From: 'Alex Gurevich' via InvestorUndergroundAustin <investorunde...@googlegroups.com>
Sent: Friday, May 2, 2025 10:47:47 AM
To: InvestorUndergroundAustin <investorunde...@googlegroups.com>
Subject: [InvestorUnderground] Flood plain lots - any play there?

 

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