Timber and timber products are renewable materials that, due to their durability and strength properties, meet the requirements of the construction industry, are widely used in buildings. An analysis of the scientific literature has shown that there is a lack of detailed research that fully investigates the influence of the rate of increase of the moisture content of the timber on the mechanical and, especially, the strength properties of the LVL panels. Upon immersion into water of the bottom of the specimen, the water starts rising quite quickly at the edge of the specimen, and the first six hours are the most critical. The levels of water rise inside the LVL specimen were less significant than at the edges. It was found that water significantly affects the bending strength of the panels, which, when the strength of the wet panel compared to the strength of the dry panel, decreases to 45% after one soak cycle and almost to 52% after two soak cycles. The tensile strength of the wet specimens is ~40% less than that of the dry specimens. The strength of the panels that were dried back to their initial state was found to be sufficient again, different from the initial strength only within the error limits; the strength properties of the building structure will not be affected.