All Forum Posts by: Steve Pratt

I'm looking for recommendations for a savvy CPA that works with house flippers.

I have an opportunity to flip a house located in the countryside (complete interior renovation required). Unfortunately, I cannot find any comps on the MLS, RPR, or Zillow to ascertain the ARV. I am apprehensive about acquiring this property due to the possibility that it won't sell for a profit and that it won't make a good rental property. Is it worth getting an appraisal? Would it be better to list the property as-is (I hold a real estate license in NC)? What other solutions are available to maximize profitability?

I am a real estate agent and investor in the Raleigh area. I recently had a friend ask me what I could do with his property that suffered extensive fire damage (no insurance). I had a professional fire rehab company look at the house, and they stated that they wouldn't touch it due to the damage to the trusses and rafters.

My instinct is to have the property appraised and list it as is. Has anyone dealt with a similar situation? Is there a way to turn this into a profitable investment?