Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 5 months ago on . Most recent reply

User Stats

195
Posts
32
Votes
Tim Silvers
  • Las Vegas, NV
32
Votes |
195
Posts

Flipping prior fire-damaged house

Tim Silvers
  • Las Vegas, NV
Posted

Our SRPD has no section in it which specifically asks if the seller has knowledge there was past fire damage (unlike for mold) to the property, however, the buyer's inspection revealed burned wood that had been sprayed in the attic. This led to the buyer's agent asking why this was not disclosed in the SRPD. After a lengthy and extensive renovation, the property is in near stellar condition. I offered a credit to the buyer to repair the attic. Everything was reinforced with extra beams, so we just didn't make it look pretty since it's in the attic. Thus, it's more of a cosmetic repair, if anything.  There are no other safety concerns or visible signs of the fire left intact. That being said, is there any legal requirement to disclose there was a fire with a prior owner at some point?
 

Loading replies...