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Updated over 4 years ago on . Most recent reply

SHAW ALI's profile image
SHAW ALI's profile image
SHAW ALI
  • Real Estate Investor
  • from CORONA, CA
  • Member since Jul 17, 2011
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SHAW ALI's profile image
SHAW ALI's profile image
SHAW ALI
  • Real Estate Investor
  • from CORONA, CA
  • Member since Jul 17, 2011
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SHAW ALI
  • Real Estate Investor
  • CORONA, CA
0
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New Member Introductions

WHAT TO DO WITH A FIRE DAMAGED PROPERTY NO INSURANCE

SHAW ALI
  • Real Estate Investor
  • CORONA, CA
Posted

Looking for options. (1) Not put good money after bad. Shall I sell the house, and take the loss on my tax return, (2) restore and sell but with a declining housing market does it make sense, (3) Zillow estimate predamage is $170K, there is a pre-damage Zillow cash offer on their website, now?

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Joe Moore's profile image
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Joe Moore
  • Rental Property Investor
  • from Los Angeles, CA
  • Member since Jul 24, 2010
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Joe Moore's profile image
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Joe Moore
  • Rental Property Investor
  • from Los Angeles, CA
  • Member since Jul 24, 2010
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Joe Moore
  • Rental Property Investor
  • Los Angeles, CA
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Joe Moore
  • Rental Property Investor
  • Los Angeles, CA
Replied

I guess it depend on how much damage would cost to repair, how much time it will take to repair and your plans for the property. More information about the property is needed.  Is there anyone you know who can help you with the project.  I have use Thumbtack to find good tradesman, but sometimes, go through a few frogs to find the prince.

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