You'd expect they have the sufficient flood insurance to cover the damage and rebuild whatever needs to be rebuilt/fixed.

Rebuild Credit & FICO Score.

We are looking to tear down a 5-plex and rebuild two spec home on it.ThanksMODERATOR: NO DISCUSSION OR MENTION OF SPECIFIC LENDERS IN THIS THREAD.

It will cost an estimated $262 million, in part due to the expense of rebuilding upward of 15 street and railroad overpasses along the 10.3-mile span.Widening two more segments of I-85 going to the South Carolina line, totaling 17 miles, will cost another $273 million by 2030 or later.The North Carolina Department of Transportation will host two drop-in public meetings in Belmont and Gastonia to discuss the upcoming widening of Interstate 85 from six lanes to eight lanes, over a 10-mile span from N.C. 273 in Belmont to U.S. 321 in Gastonia.

I would think that even if it were re-buildable, no-one would want to buy a house that had such a substantial fire.

You don't need a lot of money to join us, just the desire to rebuild and restore something from the past and have fun and make money doing it.

From the OP, I know from the beginning, AL code enforcement is very strict, this is reason why as OOS Investor, I am only willing to purchase turnkey in the area, rebuilding cheap house is just not worth it from cost analysis/permit timeline process.

If you can buy it close to the fair market value of the land itself minus the cost of demolishing the home then that is ok if you are looking to rebuild.

There had been a fire in the property and he showed me the places where he suggested I remove and rebuild. 

workmanship/materials/finishes are above standardQ4 - standard plans, average ornamentation/refinements, materials/workmanship/finish are stock with some upgradesC2 - no deferred maintenance, no repairs required, most or all new building components, recently renovated/similar to new builtC3 - well-maintained, Limited deferred maintenance, partial updating/rehabC4 -normal deferred maintenance, adequate maintenance, minimal repairs requiredBasically, if you fully rebuild the house or extensively remodel it, and change all utilities (all new plumbing lines, new electrical, new roof, etc.) you would be C2.