WHAT TO DO WITH A FIRE DAMAGED HOUSE

[Steve Pratt]

I am a real estate agent and investor in the Raleigh area. I recently had a friend ask me what I could do with his property that suffered extensive fire damage (no insurance). I had a professional fire rehab company look at the house, and they stated that they wouldn't touch it due to the damage to the trusses and rafters.

My instinct is to have the property appraised and list it as is. Has anyone dealt with a similar situation? Is there a way to turn this into a profitable investment?