Fire Damage

[Jasmine S.]

Good Morning BP Nation,

I hope everyone enjoyed their Memorial Day festitvites and we are all now back to work hopefully doing deals and building our RE portfolios. Anyhow I was wondering if anyone had any experience with fire damaged properties. I have recenlty run across one here in Charlotte thus if anyone in the Charlotte/Nort Carolina area has any insight please feel free to chime in! I'm really wondering what are the pertinents to evaluating the homes value; i.e what are the important questions to ask. I would assume it matters where the fire started, and how long it burned for but other than that I am at a bit of a loss.

Also if any of you have dabble in this market how did you approach your rehabs? Would you bring in a specialist to asses the fire damage first before making an offer?

I'm headed out to see the property later today so any insight is certainly going to be appreciated!

Thanks everyone

Jasmine