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Updated over 11 years ago on . Most recent reply

Account Closed
  • Real Estate Investor
  • Ladson, SC
0
Votes |
6
Posts

First Fire Damage Property

Account Closed
  • Real Estate Investor
  • Ladson, SC
Posted

Hey Everyone,
I am nervous about a fire damage property I have under contract. I put it on the market for 27K and thought it was a fair price knowing that the ARV is 125,000. The property is located in Goose Creek, South Carolina. Some individuals know that the area is a great location knowing that the property is located 2mins away from the navy base. I sent the property to my buyer's list and no one respond. So I do not know what the problem is. This is my first fire damage property. I have a feeling that no one on my buyer's list is interested in fire damaged property. I am not sure. I really feel like it is a great investment opportunity. Any advice on what I should do? I know I need a better buyers list. I just feel like every property is a deal as long as you get the property under contract for a great price.

Most Popular Reply

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208
Posts
70
Votes
Tyler H.
  • Real Estate Agent
  • Fort Worth, TX
70
Votes |
208
Posts
Tyler H.
  • Real Estate Agent
  • Fort Worth, TX
Replied

Contact some solid local building contractors, especially those active in your local REI groups. They may be interested, or will know other contractors that may be interested. Make sure you get your rehab repair numbers correct on these deals.

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