Purchase price: $565,000 Cash invested: $685,000 Sale price: $1,675,000 Knock down and new re-build of single family home What made you interested in investing in this type of deal?

So, even if your insurance company rebuilds your property, there may be no one to rent it to.

Insured for stated value not rebuild cost.

Flood insurance is destined to go up, because the gov has realized that it is insane to rebuild homes that flood on a regular basis.

In fact, you need to be pretty smart with how you present your plans to the city too.We're tearing down our garage and rebuilding with an expanded footpring of 1,030 sq ft.

the properties on both sides of mine and in front of mine have done complete rebuilds.  

After backing out the costs for rebuilding the garage and 1 bedroom unit below, which was necessary to support the second floor ADU we were at $250 per square foot for 1,000 new square feet, but i am an architect so i saved money on plans and managed the construction myself.

We had to basically rebuild it, but the well, foundation and wiring were ok and we made a decent profit. 

I am trying to work on becoming a REPS in 2-3 years, to offset my spouses income, by working on a conversion by rebuilding a piece of property we are purchasing this year.

I spent about the last year trying to get back to a spot where I can begin to get back into real estate investing and rebuild bigger and better.