HI, a house near me just caught fire about a week ago.. i am trying to buy it for real estate purposes. I have the funds + lines of credit if need be. How would i go about buying it? Would i have to find and contact its current owner? Or go through the city or something in that nature?? Its a multi and is almost a complete tear down so ik it will be a great investment. Help!!

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Be honest, did you start the fire?

likefunny

Unless this was an abandoned building, the owner probably has insurance that will pay to rebuild. What you want do to will be a lot more complicated than just buying a building.

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You can look up who the owner is on the city accessor site. Fire or no fire they still own it .

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Thx tho, I’ll just contact them and ask if they’ll consider selling. If not i’ll go buy something else worth the money.

As a fire damage property how would i do it?

If the owner is willing to sell, you’d inquire with them. But AFAIK there’s no special “fire damage property sale”. Someone owns it, they need to be motivated to sell like any other real estate deal.

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It depends on if the house is sold as-is or repaired. If it’s sold as-is, you will need to buy it in cash as mortgage companies won’t give you a loan on an uninhabitable property.

…is the owner selling it?

I’ve been in the real estate game for a few years now and one thing i realized is for the right price anyone will sell just gotta hit the #

You will probably have to wait for insurance to settle before you can buy it, assuming it is insured.

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