Burned Out Property Next to My Potential Next Rental

[Phil Petite]

There is a property that I'm making an offer on that has been sitting on the market for over 80 days. It is a great deal: my all-in will be around $105k and the home will rent for $1400/month.

I think that the only problem with this home is that there is a burned out property next door. It is likely to scare away most renters, so I'm a little hesitant right now to move forward with the deal.

Does anyone have any suggestions about what I can do with the property next door? Can I ask that it be boarded up and/or covered? Any recommendations would be great, thank you! :)

[Dharmesh Shah]

Your numbers look solid.  Do you have any capital expense required on this property?

i have not worked with a burned property but my general experience is that every property has a taker in current market so if the numbers are working I would want to move forward with it.

Good Luck!!