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All Forum Posts by: Mike Gomez

Mike Gomez has started 4 posts and replied 11 times.

Rehabbing & House Flipping

Post: Rehabing by demolition

Mike GomezPosted
  • Posts 14
  • Votes 15

good afternoon,

I'm fairly new at this, with only 1 rental property. I'm new at utilizing formulas to determine if a property is a good buy. But my question is, do these rules apply to a property if you plan on demolition? If not, what are general rules or where can I find formulas to calculate if it is worth buying, tearing down and rebuilding? Any and all input is appreciated. Thanks 

11 Votes
San Antonio, Texas