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Updated over 15 years ago on . Most recent reply

User Stats

6
Posts
0
Votes
Deyon W.
  • Real Estate Investor
  • Jacksonville, FL
0
Votes |
6
Posts

condemned /fire damaged properties

Deyon W.
  • Real Estate Investor
  • Jacksonville, FL
Posted

has anyone done any condemned /fire damaged properties, if so do i shy away from those or should i see what happens.... I was so excited on getting my first deal signed up i didn't care what was going on. Now i've had time to think and evaluate, i'm starting to think it is a waist of time...
THE FRONT OF HOUSE DOESN'T LOOK BURNED, THE HOUSE LOOKS LIKE IT CAN BE SAVED O IT IS SCHEDULED TO BE DEMOED IN A COUPLE MONTHS...

3 BED 1 BATH SQFT 1,642

Anyway got it

FOR 7K
ARV IS 89K

REPAIRS AROUND $18-20K

SELLER SAID 1 BEDROOM WAS BURNED

EXIT STRATEGY IS TO WHOLESALE TO REHABBER BUYER....

THANKS ANYHELP WOULD BE GREAT..

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