Then you are left with tearing it down and demo cost and the worth of the empty lot only at that point.Unless you have commercial or valuable land afterwords it would be better to buy a developed lot in a subdivisions already then raw land on a small lot unless you can sell to the neighbors for a bigger yard.

You will need to be able to respond quickly, because when a rehabber closes on a deal, the demo starts the same or next day.

the egress window shouldn't be a big deal if it's a walk out basement...just have a guy do some demo work and then frame it up for a window..use treated lumber for anything that touches block/brick/ground..if it's block or brick on the perimeter, have a mason come in after him to make it look good...make sure to verify egress requirements..in my area they get complicated..windows have to have so much surface area of glass, so much square feet of openable area (can't open both sashes at the same time), so much distance from floor, etc.

Makes sense. thank you.Leon YAng. it depends on the area.

There wasn't a permit, so I demo-ed it.

The cost of demo of the property would be around $50k.

For one reason, it's really stinks demo-ing that stuff.

It was a total wreck.On top of that it had code violations up the ying yang that totaled around $40,000.

Leon Yang, if the seller is willing to do the financing.

You do any demo and rebuild stuff?