Something that needed a complete gut and rebuild was listed for $270k (a decent deal) and sold over asking in a couple of days at $290k.

After hurricane Maria devastated Puerto Rico, I decided not only to help rebuild the island but also to bet and invest on it.

Send me a message.Here's a link to the rebuilding of the area:http://collegehillmacon.com/index.php/about/the-corridor

Purchase price: $365,000 Cash invested: $200,000 Originally a primary residence that was severely damaged by hurricane Ian and now trying to decide whether or not to tackle the rebuild or sell "strictly as is".

Rob can you post the dec page or give some more color $1200 seems like a lot but if you have full replacement cost on your units it will be very cheap in comparison if you have a large loss everIts rarely talked about but if your units are well built and you acquired them for low prices your rebuild after a large loss is a game changer versus just a cheap fire policy if you are ok with self insuring and truly just want the lowest cost per unit. 

I like many others am re-building my list constantly, one of the challenges in this business is once you find a good guy word gets out and they are unavailable.

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.

Opinions vary wildly on rebuild cost.

@Ryan E.Hi Ryan.I really need to have 3 major projects within my target area that is about to start or has started already.As an example, I bought in the Clinton Hill/Fort Greene Area starting in the year 2003 in Brooklyn.There were 3 major projects that were being developed very close. 1) The Barclay's Arena 2) the rebuilding of the World Trade Centers and 3) Steiner Movie Productions in the Navy Yard.All are multi-Billion Dollar projects.

They have been consolidating and rebuilding ALL the city schools over the past few years, which should help with the education levels.