Real Estate Investor · CORONA, CA · Member since 2011 · 17 posts · 0 votes
Looking for options. (1) Not put good money after bad. Shall I sell the house, and take the loss on my tax return, (2) restore and sell but with a declining housing market does it make sense, (3) Zillow estimate predamage is $170K, there is a pre-damage Zillow cash offer on their website, now?
Rental Property Investor · Los Angeles, CA · Member since 2010 · 804 posts · 230 votes
6y
I guess it depend on how much damage would cost to repair, how much time it will take to repair and your plans for the property. More information about the property is needed. Is there anyone you know who can help you with the project. I have use Thumbtack to find good tradesman, but sometimes, go through a few frogs to find the prince.
Rental Property Investor · Los Angeles, CA · Member since 2010 · 804 posts · 230 votes
6y
I guess it depend on how much damage would cost to repair, how much time it will take to repair and your plans for the property. More information about the property is needed. Is there anyone you know who can help you with the project. I have use Thumbtack to find good tradesman, but sometimes, go through a few frogs to find the prince.
Investor · Baltimore, MD · Member since 2008 · 17k+ posts · 13k+ votes
6y
@SHAW ALI If you use a "Restoration company" you are going to be paying a premium vs getting a good contractor to do the work. A restoration company might make sense if you have insurance but in your situation it may not be worth it.
We would need more details to figure the best choice moving forward.
Real Estate Investor · CORONA, CA · Member since 2011 · 17 posts · 0 votes
6y
Ned.. thanks for the info. Is there an email I can send you. Or should I post here. Maybe here so that others can pitch in. I am in a dilemma. How do I do that with all the details maybe 2 pages +
Investor · Baltimore, MD · Member since 2008 · 17k+ posts · 13k+ votes
6y
@SHAW ALI If you tag me in a post I will generally see it and respond. I an glad to help as I have time however be aware this is not my area of expertise.