At the time, I joined one and started forming new relationships, and using referrals, I started to rebuild my team of professionals (real estate agents, attorneys, accountants, contractors, local successful mentors, hard money lenders, etc).9.

It sounds like to me the seller took the insurance proceeds and doesn't want to rebuild so is selling for lot value at 50,000.I guess maybe they are saying 20k to tear it down and 50k to buy it with another 130k to build a new house giving you a value of around 500k or 300k equity.I would think that the cost alone to build would run 200k to 250k but I am not a builder and I do not know what it costs per sq ft there or the size of the new build.

As far as Section 8, I know one of the tenants pays $70 out of the $950, the other i am not sure.On a separate note, I am a little lost with the insurance piece - Should the amount of coverage be on the sale price or rebuild price of the home?

If you rebuild the we area, someone might comeback and say your hiding an issue. 

To put it in business terms, it will take time for individual Americans to rebuild their balance sheet and income statement following the collapse of their most valuable assets and the contraint on their cash flow from increased debt service and decreased revenue in many cases.

The flooring is only needing urethane and the bathrooms to put back original with claw feet tubs and period things should run 5 each as I am an experienced do it myself person.Here in Atlanta I bought and 8000 square foot home in grant park 709 Cherokee over looking the park it had not been lived in since the 40s I had to remove all the lathe exterior and all electric and rebuild it completely I did most all this by myself and sold it close to 900k paid 320 renovation was around 120.

Hi I have a 116 year old house in the Bronx I have a small mortgage I would like to rebuild with brick how do I go about financing and does an architect take care finding a builder any help I would be grateful it's a two family and how much per sq foot is it to build

I'm submitted my first offer today.Sq Ft = 1,018List Price = $65,000Initial Offering Price = $32,000Max Limit = $40,000ARV = $125,000Realtor Fees = $7,000Closing Costs (Buy & Sell) = $1,200Inspection Fee = $350Holding Costs (Personal Loan) @ 6 months = $4-6,000Total Variable OH = $14,550Rehab Costs w/ contingency = $34,900Net Profit (ARV - Variable OH - Rehab Costs - Purchase Price) = $35,550Net Profit After-Tax (Impose short-term capital gains rate at 39.6%) = $21,827Work that needs to be done:Rebuild mudroom and re-route washing machine/dryer lines = $4,000Kitchen Rebuild: Cabinets = $1,000Granite CT installed, sealed, beveled = $1,400 New appliances (may use a 2nd hand shop) = $3,500Flooring and back splash = $1,500TOTAL Kitchen = $7,400HVAC (received quote w/ ducting install) = $6,000Front porch repair = $1,000Half-bath install 12 sq ft (@ $100 per sq ft) plus cost of supplies & equipment = $3-4,000Add closets to each bedroom = $1,500Fix ceiling water damage = $2-3,000 Foundation leveling (house has settled) = $1-2,000Renovate full bath (replace tub, new vanity, replace toilet, re-tile) = $2,500Simple landscaping (mulch and shrubs) = $500Fixtures and Hardware = $1,000Contingency = $2,000GRAND TOTAL = $34,900I'll be doing the majority of the work but will have to sub-contract out construction of the mudroom, half-bath install, and closets.Immediate Questions I'm concerned about:1) Cost to rebuild mudroom.

I.e. window replacement, roofing, HVAC, demo and rebuild, etc....If you can provide a bit more detail in what type of work you anticipate I may be able to make a specific suggestion.Since you are Wholesaling, I assume you're not looking for GS's and contractors for total re-habs.

There will be more layoffs, more bankruptcies, more companies fold, and more money printed than at any time in history.The stimulus was just a quick run out to get everything they wanted politically in one quick swoop, all while making Americans feel it was all in their best interest, and giving them false hope that Uncle Sam is coming to the rescue.This is "Politics 101"While unfortunate, It is my honest opinion that we can not rebuild all of this until it completely burns down.