Yuen Yung Yung says location alone should not prevent an investor from moving forward with a purchase.

HOUSTON—With Hurricane Willa an active hurricane, and in light of other recent devastating hurricanes such as Michael and Florence, many investors with real estate holdings in these areas are experiencing a great deal of uncertainty. While this is to be expected, there are many ways in which wise investors can mitigate losses due to natural disasters. With just a little bit of advance planning, and by initiating a readiness action plan, some investors many find it easier to stay afloat and survive the real estate market hurricane.

“While it may be easy to think that real estate investing in a hurricane-prone area should just simply be avoided, location alone should not prevent an investor from moving forward with a prospective purchase,” Yuen Yung, CEO of Upside Avenue, tells GlobeSt.com. “This risk must be weighed against all other factors and it should also be taken with a grain of salt for the simple fact that if the investors have done their due diligence and have secured all of the necessary insurance, any losses that could potentially be caused by a hurricane can be largely avoided.”

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Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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