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.
Land & New Construction
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 about 2 months ago on . Most recent reply

User Stats

53
Posts
19
Votes
Sergio P Ramos
  • Flipper/Rehabber
  • Humble Tx
19
Votes |
53
Posts

Would you purposely burn down a property? Crazy? Or not possible?

Sergio P Ramos
  • Flipper/Rehabber
  • Humble Tx
Posted

I am currently in a back and forth bidding situation. I wouldn't call it a bidding war. Yet! The property in question is roughly 2.5 acres. It checks all my boxes for potential. EXCEPT!... There is a home dead smack in the middle of it. In order to do what I have envisioned, the house must go. It's a shame, the home is a great home to live in with potential. ( Side note, the seller only wants land value. Seller understands the house must go in order for the land to be worth anything). First thought was to have it moved. Quotes were expensive!! Second thought was to give away the home free to whomever is willing to do the work.( look for this in the classifieds if I end up with the property. And of course simply have it demo-ed. A bit pricey, but at land value there's definitely some room. As i was driving through the neighborhood scoping the area out i noticed a new shiny fire department. The idea of purposely burning down the home came to me. I've read about this before. It all depends on location of course. 1 good thing I have going, there is no restrictions there. I understand there is a cost to have it burned down. the home would have to be prepped to to meet the requirements for permitting. Has anyone burned down a property on purpose?

  • Sergio P Ramos
  • Most Popular Reply

    User Stats

    6,855
    Posts
    7,410
    Votes
    Matthew Paul#2 Contractors Contributor
    • Severna Park, MD
    7,410
    Votes |
    6,855
    Posts
    Matthew Paul#2 Contractors Contributor
    • Severna Park, MD
    Replied

    If its a volunteer fire company you may be able to donate the house to them for the purpose of training and get a tax deduction . Now just realize it will STILL need to be demoed , they dont burn it to the ground , and demo guys hate dealing with burnt materials . 

    In my area you have to strip the roof shingles at a minimum . 

    Loading replies...