Plus you have tenants paying down your mortgage/rebuilding your cash reserves for the next purchase from day 1.

These homes were then resold at auction to developers who had to either demolish them and rebuild elevated homes, or actually LIFT the houses on a new foundation.

I buy significantly below rebuild cost so I can lower my ADR if needed to be competitive.I really don't buy for cashflow or converting capital to a certain yield.

Hey guys,I am looking to possibly acquire an older property in Victoria Park with hopes to rent it out for a while and at a later stage rebuild.Different lots/houses are in different zoning there and I am trying to think what would be more beneficial to me in the future.1) Buying a lot in a great location ~7-8K Square Feet which I can one day tare down and rebuild a new home on it2) Buying a lot that is a big bigger 9-10K square feet which Ic an one day tare down and rebuilt two townhouses (with zoning allowing this)There are a few properties on the table, I am trying to understand if the long plan should be to build to two townhouses or 1 big house on the lot.What do you think will have more long term appreciation / rentability?

I Thank God I was young and had time to rebuild my life and get it RIGHT.

I've flipped 30-40 homes and the MOST rehab I've ever had is 12K, don't want re-builds!

I was unable to rebuild my old Turbo Tax return and bake in the missing sales, so in frustration I turned to Jim, who was/is a long-time friend.    

I can only rebuild a SFR if 75% or less burns down.  

Sell it for a profit or rebuild on it and rent or sell it.

Flipping without getting REI education typically leads to mistakes which can cost 10x or more what you would invest to get educated FIRST.My advice would be to focus on fund raising - and learning how to do it - while (re)building your personal credit and building business credit.