Rehabbing & House Flipping
Market News & Data
General Info
Real Estate Strategies
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hospitable-deef083b895516ce26951b0ca48cf8f170861d742d4a4cb6cf5d19396b5eaac6.png)
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_trust-2bcce80d03411a9e99a3cbcf4201c034562e18a3fc6eecd3fd22ecd5350c3aa5.avif)
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_1031_exchange-96bbcda3f8ad2d724c0ac759709c7e295979badd52e428240d6eaad5c8eff385.avif)
Real Estate Classifieds
Reviews & Feedback
Updated over 5 years ago on . Most recent reply
![Raquel Blue's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1582389/1621513895-avatar-raquelb13.jpg?twic=v1/output=image/crop=1621x1621@317x623/cover=128x128&v=2)
Potential Good investment but Fire Damage
So I found what I think could be a potential good investment. I think I could get it for a low cost, but by the sounds of the description there may be extensive fire damage. No pictures just says "Fire damage, needs rebuild".
If I went for this house it would be my first purchase that I would attempt to rehab and turn into a rental property. Does anyone have any experience with fire damage? Would you recommend a first time investor take it on? I wanted to look for things that didn't need too much rehab, but I like the look of this house and neighborhood and the numbers look pretty good if I do it right. However, I'm scared of what I might see. This isn't a foreclosure so I could contact the lister and get a tour to see how bad the damage really is. If it's huge I estimated it would need 100k in repairs. The exterior doesn't look like it was damaged by the fire much if at all, but that's only by pictures.
What could I expect from a rehab like this? What should I look out for?
Thanks!