Updated over 7 years ago on . Most recent reply
Is buying fire damage multifamily a bad idea?
I recently saw a 6 units multifamily building. 3 units are rented. The other 3 units are fire damaged. The property is way under market value.
Should I consider fire-damaged building at all? If yes, what should I take into consideration in terms of rehab cost?
Any feedback would be appreciated!!
Most Popular Reply
Most likely won't happen but In a worst case the current tenants having to be placed into a hotel due to the extent of the renovation being done. Water shut off etc.