Probable Fire Damage

[James A Spear]

I am looking at what looks like a great BRRRR property, but my real estate agents says i cannot enter the property because it has fire damage. Who should i contact in my city to discuss possibly entering the house and is it worth it? Is fire damage in a house like flood damage in a vehicle where even a little can lead to huge huge problems?

Thanks - James

[Jeremy VanDelinder]

@James A Spear I flip fire damage properties and am starting a fire-restoration business, so this is kind of my specialty. 

Several questions: Why is a real estate agent telling you that you can't enter the property? What is their reason? Is it listed? If its not listed, I would talk directly to the homeowner. 

Yes, it can be done, however it is a huge undertaking and (as with any investment) the numbers have to be right. You have to do a lot of homework to know what you are getting into. The challenge with fire damaged properties if you have never done it,  there is more than meets the eye. For example, often fire damage IS water damage--they put the red stuff out with wet stuff. Furthermore, there is the potential of extensive smoke damage in the same airspace. 

So, step one is to get in touch with the owner, see if they are open to selling and see the property. Step two is to find a fire restoration company/contractor to walk the property with you and give you a good understanding as to what needs to be done. 

Let me know what further questions you have--happy to help!