Quote from @Darnell Holland: Hello, I am looking to do my first tear-down and rebuild development deal in Nashville.  

Quote from @Joel Bechtel: The property value (minus land) is about $1.4M, and rebuild costs are estimated at $1.6M.

If you don't rebuild or replace, the transaction is taxable. 

To rebuild would not be all that much more due to the work that needs to be done. 

Separate issue is only 13% of CA homeowners pay for earthquake insurance because it's so expensive and the deductible can be really high.What are your re-building costs in your area?

Low on capital at the moment so rebuilding savings to hopefully continue growing my portfolio.

I’m a licensed realtor, an investor in the making, and someone who believes in making something out of nothing.I started in wholesaling before getting my license, and now I’m grinding to become a consistent producer while positioning myself to rebuild as an investor.

If comps are scarce, you might also consider the replacement cost approach, looking at what it would take to rebuild and adjusting based on market conditions.

Now I’m rebuilding my investment portfolio while helping other investors find deals.

Each person who lost their property will need to rebuild their home.