Hello, I’m new to the forum. How do you all find Burned homes to invest in?
I'd be shocked if there's a database online for homes with fire damage. Call the fire department in the area you want to invest and get the inside track?
Go down to your local code enforcement office and get a list of condemned homes.
@Jeremy Holcomb thank you...
@Nick C. Thank you!!
That could be a difficult market because I imagine the owner received a check from their insurance Co., which leaves them the option to rebuild or to move elsewhere. I don't think ownership changes hands unless they abandon the property. Also, if the wood is burnt through more than a certain percentage, the city/county will condemn the building and not allow it to be rebuilt. It has to be torn down. If you find one with mild smoke damage though, that could potentially work out.
@Carmen Williams I flip fire damaged properties and own a fire damage restoration company. It is a very unique and knowledge-intesive niche but I love it. Tell me a little bit more about the strategy you are considering and I might be able to give you some pointers. What market are you in?
Hello Jeremy. I am in DFW and love flipping homes. I am currently interested on How it works. I have a guy I know in the business but does not want to share any tips. I am really intrigued by how it works. Omg! You are so nice. Thank you for your willingness to teach me some tips. Honestly I really am blind at this. I flip normal homes and normally buy them cash. I just really want to find ways to maybe tap on another opportunity.