Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 3 years ago on .

User Stats

56
Posts
5
Votes
Simond Wong
  • Investor
  • Oklahoma City
5
Votes |
56
Posts

"Some" fire damage, WWYD to assess this investment?

Simond Wong
  • Investor
  • Oklahoma City
Posted

Good Morning BPers,

I am going to check out a multi-family today with my real estate agent the MLS description stated one of the units had "some" fire damage. I know it is difficult to ask without having seen the property and sharing any further details, but there were no pics of the unit for me to see.

What would you look for in fire damage to assess the viability of the assessment?

Can you list out the common things that needs to be done and addressed from a rehab perspective in order to make it rent-ready?

Can you list out common things that I would need to think about to address (i.e construction, legal, city permits and certif. of occupancy?

What are some things that are often overlooked when thinking through a fire damaged unit? 

Please I would appreciate your feedback and guidance.

Thanks!