Burned home lead

[Ken T.]

Hello! Unfortunately there have been two large fires in my area. Although I feel bad for even seeing this as a business opportunity I would like to get some insight on whether or not I should pursue these "leads".

I am a new investor with no transactions yet. What could I expect from pursuing a fire damaged property? Particularly how will this play out if the homeowner does have insurance? If they have insurance, will an investor still be able to turn this into a deal? Should I start marketing towards them, even though this is probably the last thing they want to see? Thank you in advance!