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Updated almost 2 years ago,

Jason Boyd's profile image
Jason Boyd's profile image
Jason Boyd
  • Rental Property Investor
  • from Kansas City, MO
  • Member since Oct 9, 2022
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User Stats

2
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3
Votes
Jason Boyd's profile image
Jason Boyd's profile image
Jason Boyd
  • Rental Property Investor
  • from Kansas City, MO
  • Member since Oct 9, 2022
Connect
Jason Boyd
  • Rental Property Investor
  • Kansas City, MO
3
Votes |
2
Posts
General Real Estate Investing

Fire damaged property

Jason Boyd
  • Rental Property Investor
  • Kansas City, MO
Posted

My situation: I have a property owner for wants to sell but the property is is fire damaged to the roof and walls on one side of the house.

He wants 80k as is and based on the numbers I was given from one contractor, it'll need about 75-80k in repairs. ARV based on comps is about 200k with an area rent of $1300-$1500.

Would that be a deal to fix and flip or rent out?

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