If you get copies fire marshall's and insurance adjustors reports, they will be helpful, but I would recommend hiring a contractor, your building inspector and a structural engineer to walk through the property and assess the fire-damage and estimate the effort to address it.

Second one need to use their email address..

Can you post the address so someone can run the numbers to see if they can help you?

Let the contractor know that you want a thorough inspection and a "worse case senario" repair proposal Of course the water in the basement needs to be addressed too.

I don't want to give up on the strategy, as I've heard so many good stories from people who love this elad source, but I need some advice.My approach was to send out a short but professional letter, and then hand write their address and my return address on the envelope to seem more personal.

Hardwood flooring semi finished basement which "could use an update" no repairs needed at all (according to her)Still winging it I asked what area they're in...she gave me the address lol...but I jumped on zillow while keeping her talking...comps according to that is kind of useless....1 house 3doors down sold this July for 1022 others on the same road sold last year for 95k and 100kThe only thing that came to mind was sub-to so I asked "well ma'am I may have a couple options for you to consider...tell me what you would like to happen."

I'd say the tax issue has been addressed and I agree with David, however, I have purchased existing entities.

This is why, when an investor buys any property the purchase contract should address what part of the sale price is being paid for the land, the improvements and any personal property, if any.Complete the dwelling before placing it in service as a rental.Your land can be excluded a couple of ways at this point. 1. take the tax assessment value and use that. 2.

<g>I would like to buy someone a house there in Bartlett - but I'll have to look up the address.

to The shorted lender always pays the seller's typical closing costs(sometimes less a few small fees when they get picky, like Fannie) so we don't even address it.