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Updated about 8 years ago on . Most recent reply

User Stats

53
Posts
14
Votes
Chris Schuler
  • Investor
  • Atlanta, GA
14
Votes |
53
Posts

Considering flip on house with extensive fire damage

Chris Schuler
  • Investor
  • Atlanta, GA
Posted
Can I encourage the seller to file a claim against their homeowners insurance for some of the repairs? Are there legal issues with repairs being initiated in the midst of or immediately prior to a sale? It seems the owner is an investor that just wants to be rid of the property. The damage is fairly extensive, and obviously I'm going to have a large rehab budget on this, but there's room for profit: the listing price is about $90,000 below local comps that are sold as-is, and $120,000 below improved properties in the area. Trying to figure out how to post pics from the mobile app.

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