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Updated almost 8 years ago on . Most recent reply

User Stats

80
Posts
3
Votes
Amir Saeed
  • Investor
  • Bethesda, MD
3
Votes |
80
Posts

Move forward with a shell Rehab ?

Amir Saeed
  • Investor
  • Bethesda, MD
Posted

Hello 

I recently purchased a property that had some fire damage (inside only). I got the property demoed (broom cleaned). There are now only frames and flooring to walk on in the house. I was getting ready to start the rehab on the property when I found out the water damage is extensive, basically all the framing needs to be redone in the property. I am now reluctant to start the rehab since I have to build everything from scratch. The budget I had in mind is not what is going to cost me to rehab.

Though I can push it using my funds but than I will be left with just pennies, and also to consider the time to resell this property. What would a experience flipper do. Would it be a good idea to sell the property as is. The property does have excellent comps but its a shell now..Any tips would be nice.,.

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