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Updated about 8 years ago,
Burn Flip
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?