Flipping ugly house

[Ernest Lopez]

In negotiations to buy a really ugly and really cheap house. It honestly looks like it should be demolished. Foundation shifting, roof repairs needed, walls and floors have big holes. I’ve heard that demolishing a home and rebuilding is very expensive and tricky. I also heard that There are loopholes to get around demolishing and rebuilding. Like completely remodel a house but leave one wall up so I don’t have to deal with the hassle of new home building. Looking for advice or tips on either of these two strategies. Demolish and new home build...or...look for loopholes

[Dutch Langley]

@Ernest Lopez  depends on zoning as well.  Fellow investor here bought a house that had a fire.  Too costly to try to save existing structure.  Plan is to demo down to the foundation...zoning will allow them to build onto the existing foundation (and beyond), but as long as the foundation is kept it is a renovation job versus a complete new build.