Exiting out of a totally fire damaged C class property

[Kevin Drouillard]

Hello, I am looking for ways to sell a totally fire-damaged property in a C class area. I have reached out to a couple investors who specialize in fire damaged homes and I’m seeking advice to further expand my reach and partake in other creative exit strategies. The home is located in Kansas City, area code 64127, “East Community Team South”. The home is totally damaged from fire, where it would need extensive repairs, likely a rebuild. I am making the decision to let it go, since I can’t afford the repairs as the bids are coming in higher than what the insurance has paid (maximum). What are some places and resources that I can refer to in order to help push it to investors/buyers who would be willing to acquire a fire damaged home? I am seeking a way to market the property so that I can find the right person willing to obtain it. Thank you all for your help, any insights are greatly appreciated!

Kevin

[John Clark]

Quote from @Kevin Drouillard:

Hello, I am looking for ways to sell a totally fire-damaged property in a C class area. I have reached out to a couple investors who specialize in fire damaged homes and I’m seeking advice to further expand my reach and partake in other creative exit strategies. The home is located in Kansas City, area code 64127, “East Community Team South”. The home is totally damaged from fire, where it would need extensive repairs, likely a rebuild. I am making the decision to let it go, since I can’t afford the repairs as the bids are coming in higher than what the insurance has paid (maximum). What are some places and resources that I can refer to in order to help push it to investors/buyers who would be willing to acquire a fire damaged home? I am seeking a way to market the property so that I can find the right person willing to obtain it. Thank you all for your help, any insights are greatly appreciated!

Kevin

What about using the money to demolish the building and sell as vacant land?