Posted by Larry on February 14, 2000 at 03:52:12:
I’ve had 2 experiences with fires in rental properties and they were both positive. The key here is to see how much actual structural damage is done other than what is obvious tothe eye. What I did was rent a sand blaster for a couple of days(hot,nasty work) and use it on any exposed wood from the fire taking it down to new wood. I then got the city inspector to the site and let him tell me what I needed to repair or replace. What I thought was major damage turned out to be minor once the actual damage could be seen. For the price of the land itself I don’t see how you can go wrong. Not seeing the property, the only red flag for me would be if there was any damage to the foundation. You could make an offer subject to an inspection!?! They will tell you at that time of any time restrictions. Good Luck! Larry