Sounds like the investor who is looking at your property is looking to tear down and rebuild.

I just went to the counties website and saw this "If you demolish a residential dwelling you may be entitled to a waiver of the impact taxes if you rebuild a residential dwelling on the same site.

Any house can be saved it is just a function of cost, so your best bet is a really good GC that you pay to evaluate a scope of work for rehab and a separate scope for a tear down and rebuild.

So I have chosen to rebuild debt free in real estate.

Hence he does not have to rebuild his portfolio as he will not be selling.

Why would you want to teardown and rebuild when you can save yourself the money and hassel?

Unless you plan to tear down and rebuild, I would just use the comps for the property itself.The extra land won't be worth too much more unless it's being re-constructed on.The only exception (in my opinion, if I were doing the deal) I would consider is if it's in an area where land is insanely high or it could be changed to commercial.If it's not in a premier area, comp it on the house and the land is just a bonus.

So I had to rebuild my team be honest what I was good and what I was bad out.

😉Good luck 🍀 and we'll be praying that you get a great tenant and a high price that can eventually help with the upkeep and rebuilding our city, esp. the beautiful sprawl of the SE MEM area ... surely REI can still be Way better in the long run and than mutual funds, but IDK ?????

It has a good foundation but half of the house is burned down, so my contractor recommended a full frame rebuild.