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Updated almost 11 years ago,

User Stats

885
Posts
316
Votes
Mark Yuschak
  • Residential Real Estate Broker
  • Grand Blanc, MI
316
Votes |
885
Posts

Rehabbing a badly burned house

Mark Yuschak
  • Residential Real Estate Broker
  • Grand Blanc, MI
Posted

My next flip candidate is a house which was involved in a bad house fire. I have a good team to reconstruct it, however, my bigger concern is the end buyer getting funding after the rehab is done. Has anyone ever run into an issue with getting an FHA or conventional loan to close if the property was previously involved in a fire?

The last thing I want to do is rehab this property only to find out it's too late to get the end buyer funded.

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