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Updated about 5 years ago,
Is fire damage worth it
Would you touch a house that has fire damage? If the numbers work out, is it worth it? Would you repair or demo & rebuild?
Here is some info on what I'm looking at. A house here in Memphis is on the MLS for $5,900. It is 1392 sqft, 2 bd/1 ba. ARV would be in the ballpark of $100k+ at the current square footage. The description says there is fire damage, but there are no pics. This is in a decent area as it is within walking distance of the University of Memphis. Would you bother even going to look at the property?