Hi Realtors and Investors. My husband and I are on our third flip and enjoying ourselves immensely! My husband takes care of the majority of the financials and oversight of the property and my job as an agent is to continue my work, find the deals and do the comps.

We found one the other day that blew our minds. The house was built in 2003 and around late 2005 there was a fire in a bonus room/family room behind the garage. The fire was caused by an unvented stove of some kind (dont' ask what kind of idiot did that!) Nothing was damaged structurally and even the sheetrock is still there! There is black soot throughout the house but nothing else was burned. The fire department is literally right down the street and they got there in minutes. So while the insurance claim was filed and is now finished, the family let the house go into forclosure. It's not gone through auction or listed ...we just happened to be doing our due diligence on another house on this same street and saw this one...this we believe is a diamond in the rough

4 bed/2.5 bath, 2 car garage on over an acre, deck, huge master suite family plus great room, formal dining and breakfast nook! 2300sq ft...new.. only lived in for 2 years. Yes we will have to have it redone environmentally and we're prepared to do that. It's surrounded by new construction less than 5 and my cma has it after repair at around 180K....

I just wanted any tips if we get this awesome  house on anything we might be missing in trying to flip this one. We're very excited but dont' want to get ahead of ourselves.

We'd appreciate any feedback any of you Fire Flippers may have. Thanks guys!