I met another contractor over at the fire damaged three family today. While I was there I took some additional photos:
The fire damage isn’t too bad…. it really only charred the rear clapboard siding and burnt up through a small section of the roof. Fortunately there is hardly any fire damage to the interior of the building. Unfortunately the units are in pretty rough shape so they are all gonna need rehab. We are probably going to end up spending around $100,000 for the renovations… It should be a fun project, as long as we get the right contractor in there doing the job.
[…] purchase one pretty house sub2, we purchase one rehabbed house at 70% of ARV, and we purchase the fire damaged three family. We’ve been FLAT OUT BUSY this whole year…. I love this depressed RE market. […]