Wholesaling
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal



Real Estate Classifieds
Reviews & Feedback
Updated over 7 years ago on . Most recent reply

Burnt Out! Literally
Hello fellow BP folks.
Ok so I'm a newbie and I just had the pleasure of viewing a piece of property that has been badly burned out. I've been to a few seminars where they say that these types of properties are a steal but I'm filled with uncertainty.
I've done the calc and there's potential profit but it's a total gut job, from roof to walls, framing, electrical, the works
I've talked to the owner and told him that I would reach back out to him within a week to give him a ye or nay.
Any advice would be most appreciated!
THIA
Most Popular Reply

What is your goal? Rehab , wholesale?
What's your skill/experience level?
If you are new, I would not do a burn rehab as a first one.