🔥 How to Wholesale Fire Damage Properties🔥 (Step-by-Step) | Summary and Q&A

TL;DR

Learn about fire damage properties, including how to find them, market to them, make offers, and find buyers.

Key Insights

• 🔥 Fire damage properties vary in extent, from small kitchen fires to properties burnt to the ground.
• 👂 Obtaining fire damage property lists can be challenging, but building rapport with firefighters can increase your chances of getting the list.
• 🪡 Using the insurance estimate helps determine the extent of repairs needed and calculate the maximum allowable offer.
• ❤️‍🔥 Specialty rehabbers and contractors are often interested in buying fire damage properties due to their experience in handling such projects.

Transcript

all right I'm on sometimes I have some technical difficulty so uh guys we are talking all about fire damage properties and if you don't know anything about it actually we're going to take this live and explain it to you and I'm going to break it down to the Bare Essentials because to be honest with you I avoided these things for a long time um it j... Read More

Questions & Answers

Q: How do I obtain a fire damage property list?

To obtain a fire damage property list, visit the local fire department in person and build rapport with firefighters. Ask politely for the list and be persistent if they direct you elsewhere.

Q: How should I market to fire damage properties?

Cold calling, SMS campaigns, and reverse driving for dollars are effective marketing strategies for fire damage properties. Adjust your approach depending on the extent of the fire damage.

Q: How do I make an offer on a fire damage property?

Use the insurance estimate as a guide for the repairs needed on the property. Calculate your maximum allowable offer based on the estimated repair costs and adjust it according to the extent of the damage.

Q: Who buys fire damage properties?

Cash buyers with experience in rehabbing fire damage properties are the ideal buyers for such properties. They are willing to take on the challenges associated with extensive repairs and are likely to offer a fair price.

Summary & Key Takeaways

• Fire damage properties refer to properties that have been affected by fires, ranging from small kitchen fires to massive structural damage.

• Pulling fire damage property lists can be challenging, but visiting the fire department in person and building rapport with firefighters can increase your chances of obtaining the list.

• Market to fire damage properties through cold calling, SMS campaigns, and reverse driving for dollars. Consider the extent of the fire damage when determining your marketing strategy.

• When making an offer on a fire damage property, use the insurance estimate as a guide for repairs and calculate your maximum allowable offer based on that estimate.

• Selling fire damage properties requires finding cash buyers interested in purchasing distressed properties. Consider the extent of the damage and adjust your offer accordingly to attract the right buyers.