Burnt Out! Literally

[Jerald Alford]

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

[Shawn Thom]

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.