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Updated almost 5 years ago on . Most recent reply

User Stats

5
Posts
4
Votes
Luis Rivera
  • Houston, TX
4
Votes |
5
Posts

Lead is damaged property

Luis Rivera
  • Houston, TX
Posted

Got a lead for a single family that was damaged in a fire. I did not know it had been a fire until owner let go see it (from outside only). Communication has started with the owner and she is interested in selling. My plan was to wholesale this lead, but not sure how to come up with the offer. I can't come up with a rehab estimate, and not sure if its even worth rehabbing for a profit (for buyer). Only 1 wall was damaged, roof seems ok, but most likely smoke damage inside. Brick veneer around the house needs some fixing as well.

How can I estimate rehab for fire damage? .... comps show ARV would be $205,000

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