We both work as realtors, so we have some flex in our schedules.The downside is the investment of time it takes to manage projects, especially those that involve square footage additions or major reconstruction.

If none of that works, see if the bank will accept a Liability policy until you are ready to start the reconstruction.

Hey John, to qualify as a real estate professional, you must provide more than one half of your total service (total hours worked in a year) in real property trades or business in which you materially participate, AND perform more than 750 hours of services during the tax year in real property business activities, which include: property development, redevelopment, construction, reconstruction, acquisition, conversion, rental, operation, management, leasing, or brokerage services. 

The big piece of bad news for the day was that the foundation — which we assumed was cinderblock with a brick facade that we were hoping to save for the reconstruction — was actually made of just brick, and it crumbled during the demo.So, it appears we’re going to have to rebuild the entire foundation.

I know someone who is in reconstruction after disasters and definitely states this is where the money is.

You can refinance whenever you want, you can do a value-add or heavy rehab, heck you can completely reconstruct the property if that's what is needed. 

Section 469(c)(7)(C) tells us that real property trades or businesses:"...means any real property development, redevelopment, construction, reconstruction, acquisition, conversion, rental, operation, management, leasing, or brokerage trade or business."

Looking to understand how others have gone about identifying construction / GC expertise to partner in potential remodeling and ground-up reconstruction of SF homes in the north Dallas area.

I regularly request these when my clients sell their homes after the reconstruction has been completed so they can provide them to the buyers.Tavisha Grant, Public Adjuster, Property Claim Adjusters, Phoenix, AZ

After 7 billion dollars spent in the downtown area alone now the entire freeway system is seeing a major reconstruction and expansion in lanes, which is one of the most obvious indicators of the path of progress.One mistake a lot of people make when looking at economic statistics is to only include Milwaukee proper (The City of Milwaukee) which in some economic ways is kind of the "worst of" collection with it's economically challanged areas.