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Updated about 7 years ago on . Most recent reply

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Kevonte Williams
  • Carthage, NC
0
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1
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Wholesale Fire Damaged House

Kevonte Williams
  • Carthage, NC
Posted

I am still a newbie to the wholesale game and was wondering what the steps would be to wholesale a burned down house. Im 95% sure its what people call a tear down it actually turns out a family member owns it. Would I try to sell it as land value? I would really appreciate some help/guide through this process. 

Most Popular Reply

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329
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Joseph Druther
  • Investor
  • Southern Pines, NC
171
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329
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Joseph Druther
  • Investor
  • Southern Pines, NC
Replied

@Kevonte Williams Is it in Carthage close to downtown area? Feel free to reach out to me. I have done a few fire damaged houses and buy in Moore County. It depends on where the actual land is. Some lots are in bad locations and the only person that will buy it is someone wanting to custom build. Some places just don't work for specs. But if it is actually a good lot for a spec, then lot value minus teardown is the most a builder will pay. If it already has water and sewer that could change it by a couple thousand, but not much.

  • Joseph Druther
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