It’s in an area that was recently rezoned for mixed commercial/residential, so I’m thinking it is a tear down with good rebuild potential.

There will always be storms in between but not to the level of catastrophe that these once every 40 years or so storms bring.From a real estate point of view, after Camille most of the focus was to rebuild the residential that was destroyed. 

Would you ask your auto repair shop to reduce their price before rebuilding the engine on your car?

I know many people that have been unable to rebuild after the 2020 California August lightning fires because they were only insured for about 1/2 or less of the actual replacement value.

I’m a first-time investor and I’m investing out of state… don’t want to get dragged into rebuilding the whole house lol.These were the actual words from the inspection: “I observed cracks throughout the foundation and leaning/settlement at the east and north structural wall of the house foundation.

I’m currently bidding my time and rebuilding the war chest while we rehab the most recent 5 units and get them rented.

I'm hoping to get into the multi-family game in a few months after I rebuild some capital.

Even if we did tear down and rebuild, im afraid it would put us under water or at a break even point if we are super strict with the build budget- plus adding to that, I don't know how the rehab lender would even look at this now if we do have to tear down.

I will rebuild brick walls, replaced beams, plumbing, electrical, etc.

Do you mean to rebuild for low-income housing?