If you’re been following national weather news, you probably know that Atlanta has seen some serious rain and flooding in the past few days. Worse yet, what they’re calling “Ground Zero” for the flooding is right-smack-dab in the middle of where we do all our investing.
But, I’m happy to report that all of our properties have survived the storms intact and with pretty much no damage. The closet call was The Mini House, which, you might recall, is actually located in a 100-year flood-plain.
My brother stopped by the property the other night to see what was going on, and said that with the exception of three or four houses at the top of the subdivision, the rest of the neighborhood was literally under several feet of water. Luckily, The Mini House was one of the few lucky ones that didn’t flood, and hopefully the upcoming sale won’t be affected.
The Poor House — which we’re closing on the purchase of tomorrow — already had some major waterproofing issues, so we weren’t surprised to see the several inches of water that have seeped in there through the concrete foundation. Luckily we’ll have our waterproofing and mold companies in there by early next week, so hopefully there won’t be too much extra damage (new mold, etc) before we can get the waterproofing underway.
While a couple of our other properties ended up with some large volumes of water in the front and back yards, we’re lucky that we haven’t had any structural flooding or other water problems. Hopefully none of our upcoming sales will be impacted by the flooding, and as of now, it doesn’t look like there will be.