It looks like you can use a 203k loan for new construction to reconstruct on an existing foundation.

If the guy were a heart surgeon, would a 3 year old DUI bother you?  

So I'm sad to say, that because of the local italian government, any reconstruction of these types of buildings, must follow the guidelines of what is allowed and not allowed.

I taught myself Spanish, I already know the construction crews in the area, the realtors, the communities, the land, I have someone managing the property, I have a maintenance crew… I already did an incredible amount of the work involved in finding a deal and turning it around through reconstruction and proper management.

In my circle of family and friends, I will say that anyone that owns RE especially in CA has over at least several million in networth and they weren't high W2 earners (no surgeons or attorneys, but librarians, accountants, etc) but this takes years 15 to 30+ years..

While insurance might cover the reconstruction of your property, the community's recovery could take years or, in some cases, never occur.

So, to no surprise, CA is doing exactly none of your private property taking schemes John. https://www.gov.ca.gov/2025/01/13/governor-newsom-proposes-b...CA is doing the only viable option they have, fast tracking reconstruction of what was.

One time I was doing some deals with a Brain Surgeon and my god, that dude was probably one of the dumbest human beings I've ever done business with.....Wild bro.I concur on this.

for my personal use and upcoming reconstruction.

(Still awaiting Seller to confirm report it’s been done as she agreed to the inspectors recommendation but has mentioned she’s not replacing it) In additional to the foundation has shifted and need reconstructed due to a lot of slopping in the home (My agent said it comes with wear and tear, so they might argue that their not going to fix it so I didn’t put it on the IRSA to repair).