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.nav-header{-ms-flex-align:center;align-items:center;display:-ms-flexbox;display:flex;-ms-flex-pack:center;justify-content:center}}#page-header .menu-icon{width:20px;height:20px}@media only screen and (min-width:641px){#page-header .menu-icon{margin-left:0;margin-right:10px;position:relative;top:-2px}}#page-header .menu-icon svg{fill:#fff;width:auto;height:100%;display:block}#page-header .search-icon{position:relative}@media only screen and (min-width:641px){#page-header .search-icon{display:block;height:18px;width:17px;padding:0;margin-right:10px;float:inherit;top:-2px}}#page-header .search-icon svg{fill:#fff;width:auto;height:100%;display:block}#page-header #page-nav{padding-top:5px}@media only screen and (max-width:640px){#page-header #page-nav{-ms-flex-align:center;align-items:center;display:-ms-flexbox;display:flex}}#page-header .nav-left,#page-header .nav-right{padding-top:11px}@media only screen and (max-width:640px){#page-header #page-nav,#page-header .nav-links,#page-header .nav-links-wrapper{height:100%;margin:0;padding-top:0}}#page-header .nav-left{float:left}@media only screen and (max-width:640px){#page-header .nav-left{-ms-flex-align:center;align-items:center;box-sizing:border-box;display:-ms-flexbox;display:flex;height:55px;float:none;padding:0 15px;position:absolute;width:100%}}#page-header .nav-right{float:right}@media only screen and (max-width:640px){#page-header .nav-right{display:none}}#page-header #header-logo-wrapper{display:-ms-flexbox;display:flex;-ms-flex-pack:center;justify-content:center;-ms-flex-align:start;align-items:flex-start}@media only screen and (max-width:640px){#page-header #header-logo-wrapper{width:100%}}#page-header #header-logo-wrapper a[class*=dog-ear--],#page-header #header-logo-wrapper img[class*=dog-ear--]{display:block;width:133px;height:41px;margin-top:1px}@media only screen and (max-width:1260px){#page-header #header-logo-wrapper a[class*=dog-ear--],#page-header #header-logo-wrapper img[class*=dog-ear--]{display:none}}#page-header #header-logo{background-size:contain;display:block;width:300px;height:45px;margin:0 40px}@media only screen and (max-width:1260px){#page-header #header-logo{margin:0 auto}}#page-header #header-logo svg{display:block}#page-header #header-logo span{text-indent:-9999px;display:block;width:0;height:0}@media only screen and (max-width:640px){#page-header #header-logo{position:relative;width:218px;height:33px;z-index:1}}#page-header .icon-signal{font-size:19px;font-size:1.1875rem;width:30px;margin-top:-3px;float:left}#page-header .icon-signal:focus,#page-header .icon-signal:hover{color:#7e3332}@media only screen and (max-width:640px){#page-header .icon-signal{display:none}}#page-header #sign-up{-ms-flex-align:center;align-items:center;display:-ms-flexbox;display:flex;margin-left:40px}#article-wrapper .article .author-flyout #page-header .author-flyout-email:before,#author-wrapper .author-flyout-icons li #page-header .author-contact-link:before,#page-footer #footer-social #footer-email-icon #page-header a,#page-header #article-wrapper .article .author-flyout .author-flyout-email:before,#page-header #author-wrapper .author-flyout-icons li .author-contact-link:before,#page-header #page-footer #footer-social #footer-email-icon a,#page-header #tips #tips-contact div.email .icon:before,#page-header .container .sd-content ul li .share-email span,#page-header .icon-email,#page-header .right-column .box.module.widget_nypost_social_widget ul #email a,#page-header .right-column .widget.widget_nypost_social_widget ul #email a,#tips #tips-contact div.email #page-header .icon:before,.container .sd-content ul li .share-email #page-header span,.right-column .box.module.widget_nypost_social_widget ul #email #page-header a,.right-column .widget.widget_nypost_social_widget ul #email #page-header a{font-size:15px;font-size:.9375rem;float:left;line-height:0;margin:0 10px}#article-wrapper .article .author-flyout #page-header .author-flyout-email:before,#author-wrapper .author-flyout-icons li #page-header .author-contact-link:before,#page-footer #footer-social #footer-email-icon #page-header a:before,#page-header #article-wrapper .article .author-flyout .author-flyout-email:before,#page-header #author-wrapper .author-flyout-icons li .author-contact-link:before,#page-header #page-footer #footer-social #footer-email-icon a:before,#page-header #tips #tips-contact div.email .icon:before,#page-header .container .sd-content ul li .share-email span:before,#page-header .icon-email:before,#page-header .right-column .box.module.widget_nypost_social_widget ul #email a:before,#page-header .right-column .widget.widget_nypost_social_widget ul #email a:before,#tips #tips-contact div.email #page-header .icon:before,.container .sd-content ul li .share-email #page-header span:before,.right-column .box.module.widget_nypost_social_widget ul #email #page-header a:before,.right-column .widget.widget_nypost_social_widget ul #email #page-header a:before{width:auto}#article-wrapper .article .author-flyout #page-header .author-flyout-email:focus:before,#article-wrapper .article .author-flyout #page-header .author-flyout-email:hover:before,#author-wrapper .author-flyout-icons li #page-header .author-contact-link:focus:before,#author-wrapper .author-flyout-icons li #page-header .author-contact-link:hover:before,#page-footer #footer-social #footer-email-icon #page-header a:focus,#page-footer #footer-social #footer-email-icon #page-header a:hover,#page-header #article-wrapper .article .author-flyout .author-flyout-email:focus:before,#page-header #article-wrapper .article .author-flyout .author-flyout-email:hover:before,#page-header #author-wrapper .author-flyout-icons li .author-contact-link:focus:before,#page-header #author-wrapper .author-flyout-icons li .author-contact-link:hover:before,#page-header #page-footer #footer-social #footer-email-icon a:focus,#page-header #page-footer #footer-social #footer-email-icon a:hover,#page-header #tips #tips-contact div.email .icon:focus:before,#page-header #tips #tips-contact div.email .icon:hover:before,#page-header .container .sd-content ul li .share-email span:focus,#page-header .container .sd-content ul li .share-email span:hover,#page-header .icon-email:focus,#page-header .icon-email:hover,#page-header .right-column .box.module.widget_nypost_social_widget ul #email a:focus,#page-header .right-column .box.module.widget_nypost_social_widget ul #email a:hover,#page-header .right-column .widget.widget_nypost_social_widget ul #email a:focus,#page-header .right-column .widget.widget_nypost_social_widget ul #email a:hover,#tips #tips-contact div.email #page-header .icon:focus:before,#tips #tips-contact div.email #page-header .icon:hover:before,.container .sd-content ul li .share-email #page-header span:focus,.container .sd-content ul li .share-email #page-header span:hover,.right-column .box.module.widget_nypost_social_widget ul #email #page-header a:focus,.right-column .box.module.widget_nypost_social_widget ul #email #page-header a:hover,.right-column .widget.widget_nypost_social_widget ul #email #page-header a:focus,.right-column .widget.widget_nypost_social_widget ul #email #page-header a:hover{color:#7e3332}@media only screen and (max-width:640px){#article-wrapper .article .author-flyout #page-header .author-flyout-email:before,#author-wrapper .author-flyout-icons li #page-header .author-contact-link:before,#page-footer #footer-social #footer-email-icon #page-header a,#page-header #article-wrapper .article .author-flyout .author-flyout-email:before,#page-header #author-wrapper .author-flyout-icons li .author-contact-link:before,#page-header #page-footer #footer-social #footer-email-icon a,#page-header #tips #tips-contact div.email .icon:before,#page-header .container .sd-content ul li .share-email span,#page-header .icon-email,#page-header .right-column .box.module.widget_nypost_social_widget ul #email a,#page-header .right-column .widget.widget_nypost_social_widget ul #email a,#tips #tips-contact div.email #page-header .icon:before,.container .sd-content ul li .share-email #page-header span,.right-column .box.module.widget_nypost_social_widget ul #email #page-header a,.right-column .widget.widget_nypost_social_widget ul #email #page-header a{display:none}}#page-header .icon-tv{font-size:19px;font-size:1.1875rem;width:30px;margin-top:-3px;float:left}@media only screen and (max-width:640px){#page-header .icon-tv{display:none}}#page-header #tv{margin-right:20px}@media only screen and (min-width:1260px){#page-header #page-nav{padding:5px 20px 0}#page-header .container{max-width:1280px;min-width:1205px}}#page-header #sections{margin-right:40px}#page-header #sections.selected .menu-icon svg,#page-header #sections:focus .menu-icon svg,#page-header #sections:hover .menu-icon svg,.menu-open #page-header #sections .menu-icon svg{fill:#7e3332}@media only screen and (max-width:640px){#page-header #sections{height:20px;margin-right:0;width:20px}#page-header #sections .menu-icon{display:block;margin:0}#page-header #sections .menu-icon svg{height:20px;width:20px}}#page-header #search.selected .search-icon svg,#page-header #search:hover .search-icon svg{fill:#7e3332}@media only screen and (max-width:640px){#page-header #search{margin-left:auto;height:21px;width:20px}#page-header #search .search-icon{display:block;margin:0}#page-header #search .search-icon svg{height:21px;width:20px}}#page-header .search__form-wrapper{background-color:#fff;border-bottom:1px solid #ccc;left:0;padding:20px 0;position:absolute;right:0;top:100%;-webkit-transform:translateY(-200%);transform:translateY(-200%);width:100%;z-index:-1}@media only screen and (max-width:640px){#page-header .search__form-wrapper{display:none}}#page-header .search__form-wrapper.show{-webkit-transform:translateY(0);transform:translateY(0)}body.header-recirc-bar-enabled #page-header .search__form-wrapper.show{-webkit-transform:translateY(calc(0% + 99px));transform:translateY(calc(0% + 99px))}#page-header #nav-search{display:-ms-flexbox;display:flex;margin:0 auto;width:978px}#page-header #nav-search #search-field{-webkit-appearance:none;border-radius:0;border:1px solid #ccc;font:400 16px/18px proxima-nova,sans-serif;height:38px;color:#2a2a2a;padding:0 10px;width:calc(100% - 129px)}#page-header #nav-search #search-field:-ms-input-placeholder{color:rgba(42,42,42,.5)}#page-header #nav-search #search-field:-moz-placeholder,#page-header #nav-search #search-field::-moz-placeholder{color:rgba(42,42,42,.5)}#page-header #nav-search #search-field::-webkit-input-placeholder{color:rgba(42,42,42,.5)}#page-header #nav-search #search-field::-ms-clear{display:none}#page-header #nav-search #search-submit{-webkit-appearance:none;background-color:#c33;border-radius:0;border:none;color:#fff;font:700 16px/18px futura-pt,sans-serif;height:40px;text-transform:uppercase;width:129px}#page-header #nav-search #search-submit:hover{background-color:#7e3332}@media only screen and (max-width:640px){#page-header .nav-text,#page-header span{display:none}}#page-header #recirc{background-color:#fff;border-bottom:1px solid #d0d0d0;height:98px;overflow:hidden;padding:0 20px 0 5px}#page-header #recirc .slick-next,#page-header #recirc .slick-prev{background:none;height:25px;padding:0;position:absolute;top:calc(50% - 12.5px);width:25px;z-index:2}#page-header #recirc .slick-next:before,#page-header #recirc .slick-prev:before{background-color:#c33;border-radius:50%;font-size:13px;margin:0;padding:6px 7px 6px 9px}#page-header #recirc .slick-next.slick-disabled,#page-header #recirc .slick-prev.slick-disabled{visibility:hidden}#page-header #recirc .slick-next.slick-disabled:after,#page-header #recirc .slick-prev.slick-disabled:after{background:none}#page-header #recirc .slick-next:not(.slick-disabled)+.fade,#page-header #recirc .slick-prev:not(.slick-disabled)+.fade{display:block;height:70px;position:absolute;top:calc(50% - 35px);width:143px;z-index:1;background-image:linear-gradient(270deg,#fff,hsla(0,0%,100%,0))}#page-header #recirc .slick-next,#page-header #recirc .slick-next+.fade{right:0}#page-header #recirc .slick-prev{left:0}#page-header #recirc .slick-prev+.fade{left:0;-webkit-transform:rotate(180deg);transform:rotate(180deg)}#page-header #recirc.recent .slick-next,#page-header #recirc.recent .slick-prev,#page-header #recirc.recirc--outbrain .slick-next,#page-header #recirc.recirc--outbrain .slick-prev{top:calc(50% - 12.5px + 10px)}#page-header #recirc.recent .slick-next:not(.slick-disabled)+.fade,#page-header #recirc.recent .slick-prev:not(.slick-disabled)+.fade,#page-header #recirc.recirc--outbrain .slick-next:not(.slick-disabled)+.fade,#page-header #recirc.recirc--outbrain .slick-prev:not(.slick-disabled)+.fade{top:calc(50% - 35px + 10px)}#page-header #recirc.recent .slick-next,#page-header #recirc.recent .slick-next+.fade,#page-header #recirc.recirc--outbrain .slick-next,#page-header #recirc.recirc--outbrain .slick-next+.fade{right:20px}#page-header #recirc .widgettitle{line-height:8px;margin:10px 0 0;padding:0 0 0 15px;text-transform:uppercase}#page-header #recirc .widgettitle:before{background-color:#d0d0d0;content:"";display:block;height:1px;margin-right:-20px;position:relative;top:6px}#page-header #recirc .widgettitle span{background-color:#fff;display:inline-block;position:relative;padding:0 10px 0 0}#page-header #recirc .flag-wrapper,#page-header #recirc .share-count{display:none}#page-header #recirc .recirc__story{display:block;float:left;position:relative}#page-header #recirc .recirc__story .recirc__story-inner{border-left:1px solid #d0d0d0;height:59px;margin:10px 0;padding:0 15px;width:224px}#page-header #recirc .recirc__story .recirc__story-inner img{float:left;height:59px;margin:0 10px 0 0;width:88px}#page-header #recirc .recirc__story .recirc__story-inner .recirc__title .recirc__link::focus{outline:none}#page-header #recirc .recirc__story:first-child .recirc__story-inner{border-left:none}@media only screen and (max-width:640px){#page-header #recirc{border-bottom:none;height:102px;padding:5px}#page-header #recirc .widgettitle{display:none}#page-header #recirc .flag-wrapper{font-size:10px;font-size:.625rem;display:block;font-family:futura-pt,sans-serif;font-weight:700;line-height:10px;margin:0 0 4px;padding:0;text-transform:uppercase}#page-header #recirc .flag-wrapper li{display:inline-block}#page-header #recirc .flag-wrapper .display-flag{background-color:#c33;color:#fbfbfb;margin:0 2px 0 0;padding:3px 5px}#page-header #recirc .recirc__story{width:calc(50% - 2px)}#page-header #recirc .recirc__story:first-of-type{margin-right:4px}#page-header #recirc .recirc__story:nth-of-type(n+3){display:none}#page-header #recirc .recirc__story .recirc__story-inner{border-left:none;margin:0;padding:0;width:auto}#page-header #recirc .recirc__story .recirc__story-inner img{height:103px;margin:0;object-fit:cover;width:100%}#page-header #recirc .recirc__story .recirc__story-inner .recirc__title{background:linear-gradient(180deg,transparent,rgba(0,0,0,.7));bottom:0;height:100%;left:0;padding:0 2px 0 10px;position:absolute;right:0}#page-header #recirc .recirc__story .recirc__story-inner .recirc__title .recirc__link{color:#fff;display:table-cell;font-size:12px;line-height:14px;height:103px;vertical-align:bottom}#page-header #recirc .recirc__story .recirc__story-inner .recirc__title .recirc__link:after{content:"";display:block;height:8px}}#section-nav-wrapper{background:#fff;border:1px solid #bfbfbf;max-height:calc(100vh - 55px);overflow-y:auto;position:fixed;top:55px;width:198px;z-index:99999}@media only screen and (max-width:640px){#section-nav-wrapper{display:block;max-height:calc(100vh - $headerHeight);-webkit-transform:translate(-100%);transform:translate(-100%);will-change:transform}}@media only screen and (min-width:641px){#section-nav-wrapper{display:none;-webkit-transform:translateX(-20px);transform:translateX(-20px)}}#section-nav-wrapper .menu-main-menu-container{height:100%;overflow-x:hidden;overflow-y:auto;-webkit-overflow-scrolling:touch}#section-nav-wrapper .menu-main-menu-container a{display:block;height:25px;margin-bottom:5px;padding:6px 20px}#section-nav-wrapper .menu-main-menu-container ul{padding-left:0;margin-top:0}#section-nav-wrapper .menu-main-menu-container li{list-style-type:none;font-weight:600}#section-nav-wrapper .menu-main-menu-container .menu{padding-top:15px}#section-nav-wrapper .menu-main-menu-container #menu-main-menu{margin-bottom:15px}#section-nav-wrapper .menu-main-menu-container .menu-item-has-children{border-top:1px solid #bfbfbf;padding-top:10px;margin-top:13px}#section-nav-wrapper .menu-main-menu-container .menu-item-has-children a{margin-bottom:0}#section-nav-wrapper .menu-main-menu-container .menu-item-has-children>a{display:none}#section-nav-wrapper .menu-main-menu-container .sub-menu a{padding:7px 20px}#section-nav-wrapper .mobile-account-controls{display:none}#page-header{left:0;position:fixed;right:0;top:0;z-index:10001}#page-header,#page-header.headroom--pinned,#page-header.headroom--pinned .search__form-wrapper.show{-webkit-transform:translateY(0);transform:translateY(0)}#page-header.headroom--unpinned,#page-header.headroom--unpinned .search__form-wrapper{-webkit-transform:translateY(-200%);transform:translateY(-200%)}#page-header.headroom--override,#page-header.headroom--override .search__form-wrapper.show{-webkit-transform:translateY(0);transform:translateY(0)}@media only screen and (min-width:641px){body.admin-bar #page-header{top:32px}.header-recirc-bar-enabled{margin-top:153px}.header-recirc-bar-enabled.local-country-au.nypost{margin-top:243px}.header-recirc-bar-enabled.local-country-au.pagesix{margin-top:230px}.header-recirc-bar-enabled.admin-bar.local-country-au.nypost{margin-top:243px}.header-recirc-bar-enabled.admin-bar.local-country-au.pagesix{margin-top:230px}}@media only screen and (max-width:640px){body.admin-bar #page-header{top:46px}body.admin-bar #page-header.move-nav{-webkit-transform:translate3d(0,-46px,0);transform:translate3d(0,-46px,0)}body.admin-bar #page-header.headroom--top{-webkit-transform:translateZ(0);transform:translateZ(0)}body.admin-bar #page-header.headroom--not-top{-webkit-transform:translate3d(0,-46px,0);transform:translate3d(0,-46px,0)}body.admin-bar #page-header.headroom--not-top.headroom--unpinned:not(.headroom--override){-webkit-transform:translate3d(0,-200%,0);transform:translate3d(0,-200%,0)}.header-recirc-bar-enabled{margin-top:167px}.header-recirc-bar-enabled.local-country-au.nypost{margin-top:257px}.header-recirc-bar-enabled.local-country-au.pagesix{margin-top:244px}.header-recirc-bar-enabled.admin-bar.local-country-au.nypost{margin-top:46px 257px}.header-recirc-bar-enabled.admin-bar.local-country-au.pagesix{margin-top:46px 244px}}@media only screen and (max-width:640px){.billboard-ad{display:none}}#footer-mobile,#jp-post-flair,.mobile{display:none}.right-column .box.module .see-all h5{font-size:.875rem;font-family:futura-pt,sans-serif;color:#2a2a2a;font-weight:700}.right-column .box.module{border:1px solid #ccc;padding:20px 20px 25px;margin:20px 0}@media only screen and (max-width:640px){.right-column .box.module.no-mobile{display:none}}.right-column .box.module:not(.widget_nypost_nypost_rss_widget):not(.widget_nypost_decider_rss_widget):not(.widget_nypost_pagesix_rss_widget):not(.widget_nypost_pagesix_widget):not(.widget_nypost_pagesix_tv_rss_widget) .widget__title{border-bottom:none;line-height:1;position:relative}.right-column .box.module:not(.widget_nypost_nypost_rss_widget):not(.widget_nypost_decider_rss_widget):not(.widget_nypost_pagesix_rss_widget):not(.widget_nypost_pagesix_widget):not(.widget_nypost_pagesix_tv_rss_widget) .widget__title:after{content:"";position:absolute;width:100%;height:0;left:0;bottom:-3px;border-bottom:7px solid #c33}.right-column .box.module:first-child{margin-top:0}.right-column .box.module .module-title .widget__title{margin-left:-21px;display:inline-table;padding-right:0;margin-bottom:20px}.right-column .box.module img{max-width:100%;height:auto;display:block}.right-column .box.module .see-all h5{float:right;font-style:italic;padding:30px 0 0;font-size:14px;line-height:10px;text-align:right;text-transform:uppercase;width:100%}.right-column .box.module .see-all h5 a:after{border-left-color:#2a2a2a}.right-column .box.module .module-wrapper h5{margin-top:6px}.right-column .box.module .rule-thick{border-bottom:6px solid #2a2a2a;clear:both;margin:20px 0 10px -20px;height:0;width:300px}.right-column .box.module.widget_nypost_dfp_ad_widget{border:none;padding:0}.right-column .box.module.widget_nypost_cover_widget{border:0;background-color:#f6f6f6;margin-bottom:60px;padding:15px 8px;max-height:530px;margin:0}@media only screen and (max-width:640px){.right-column .box.module.widget_nypost_cover_widget{padding-top:20px;padding-bottom:20px}}.right-column .box.module.widget_nypost_cover_widget .module-title{padding:0 7px}.right-column .box.module.widget_nypost_cover_widget .module-title .widget__title{margin-bottom:15px;margin-left:-16px}.right-column .box.module.widget_nypost_cover_widget img{width:100%;height:auto}.right-column 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							<h1><a href="https://nypost.com/2017/09/22/real-estate-investors-look-to-cash-in-on-harvey-ravaged-houston/" class="postid-11266044">Real estate investors look to cash in on Harvey-ravaged&nbsp;Houston</a></h1>
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				<p class="byline">By <a class="gabrielle-fonrouge" href="https://nypost.com/author/gabrielle-fonrouge/">Gabrielle Fonrouge</a></p>				<div class="author-flyout gabrielle-fonrouge" data-author-name="Gabrielle Fonrouge">
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									September 22, 2017 <span class="separator">|</span> 11:49am
											<span class="separator">|</span> <a href="#" class="updated-post-date">Updated <span>September 22, 2017 | 2:09pm</span></a>
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						<p>Some real estate executives in Texas are hoping to get rich quick with homes damaged by <a href="https://nypost.com/tag/hurricane-harvey/">Hurricane Harvey</a>.</p>
<p>Longtime investor Ray Sasser detailed the strategy at a real estate conference in Houston this month: Buy up to 50 flooded homes for a fraction of what they’re worth, fix them and flip them for a hefty profit, Reuters reported.</p>
<p>He said he first tried the strategy after Tropical Storm Allison flooded the city in 2001 — purchasing homes for almost half of their pre-storm value, spending about 15 percent on repairs, and selling many of them at full value a year later.</p>
<p>The quick success of the plan was actually surprising to him, according to the outlet.</p>
<p>“This can’t be true,” Sasser said.</p>
<p>While Harvey-hit homes in the Houston area may be a riskier investment than houses damaged by Allison, investors are nevertheless rushing in to snatch up the flooded homes.</p>
<p>A Houston market manager for brokerage and online listings firm Redfin said agents are getting about four times the number of calls they usually get from investors.</p>
<p>“You have people with millions of dollars to work with,” Tara Waggoner said.</p>
<p>“They want to go in, pay cash, get the discount and fix it up to sell.”</p>
<p>She said the calls range from individuals looking to buy homes or groups of 10 or more people pooling their money and going on a home-buying shopping spree.</p>
<p>Investor Brandyn Cottingham believes Harvey brought a world of opportunity to his business.</p>
<p>“In this business, you look for distressed property, and we’ve got tons of that right now,” Cottingham said.</p>
<p>While it may just look like a money-making opportunity for cavalier investors, long-time foreclosure broker Linda Muscarello warned investors on how to properly speak to flood victims about their destroyed homes.</p>
<p>She said it’s very important to nod and listen when talking to these owners and help them understand in a non-predatory way they may have unrealistic notions about keeping their home if they didn’t have flood insurance or their businesses were damaged.</p>
<p>If homeowners don’t expect to have a steady, long-term income, real estate experts suggest it’s better to just give the keys to someone else.</p>
<p><em>With Post wires</em></p>
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