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Updated almost 10 years ago,

User Stats

309
Posts
17
Votes
Ray A.
  • Professional
  • Cypress, TX
17
Votes |
309
Posts

Need advice on burned property - Houston, TX

Ray A.
  • Professional
  • Cypress, TX
Posted

Hi everyone... does anyone have experience in doing deals on fire damaged homes? I have a potential deal where I can get a property at lot value, $8k-$10k, but comps in that neighborhood are about $30k-$40k and $40k-$55k on the higher end.

Would you suggest rehabbing or just wholesale it?

Below Median Income area

House is 3br/1ba - 1100sqft

Great back yard with room to expand

Gut job

Hope to hear from some of you soon.

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