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Updated almost 3 years ago,
Need advise for burned property
One of my rental property got burned but not completely burn down. I have claimed the insurance and they pay me out around $50k to repair the property.
My property manager sent the contractor to get estimate for repair, and they come up with cost around $80k to repair. Is it worth to add more money to repair? Or should i put the house to market in that state to sell, and move forward to buy other property? Appreciate for any advises.
regards,
Riz