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Updated about 8 years ago,

User Stats

11
Posts
4
Votes
Mke Wilburn
  • Investor
  • Houston, TX
4
Votes |
11
Posts

Burn Flip

Mke Wilburn
  • Investor
  • Houston, TX
Posted

Ok, here's my question to y'all, any and all feed back is appreciated.

I am looking to flip a house that has burned. The fire wasn't terrible but it is going to require removing and replacing about 25% of the roof plus everything from there on. In other words plumbing, electrical (it was aluminum wire, cause of fire) A/C, insulation, sheetrock, cabinets, flooring... you get the idea. 

I am a very experienced builder and remodeler so the larger project doesn't concern me.

My concern is two things,

Even though i can buy the house right,

#1 it is going to take a large cash injection to do the job

#2 how are buyers going to react to the fact that it has previously burned.

I have done burn jobs before but not as a flip.

Thoughts?

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