A question to the Flippers.
You've seen a dilapidated property, really.
Isn't it better to completely demolish it and build a new one, rather than fix it?
I have a dream - USA Real Estate Forum version: I am happy to join you today, in what will be recorded in the words of the times as the greatest demonstrations for freedom in the history of our nation. A year and a half ago, a great American (former Israeli), in whose shadow we live today, signed the sparrow's speech. This word is a beacon of light of hope for millions of dwarfs, economic slaves who were burned by a healing ulcer of...
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2 questions for experienced flippers here: 1. Will you always only take deals with over 20% net profit (or 25% for strict)? What are the factors that will affect your considerations? 2. Will you always replace the main things - roof, plumbing, electricity or does it depend on their condition? Suppose a 10-year-old roof is in good condition - will it be replaced? Here too it will be great if you sign up…
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Some municipalities agree to demolish the entire property but leave foundations, and so the contours of the house remain old. It will usually help because 'once' it was allowed to build on more space so they will not come from the municipality and tell you to build a narrower house that leaves more margins between buildings
There is another issue worth checking for demolition and reconstruction… very much depends on which area the house is in, there are areas that allow a single house to be converted to duplex, triplex, and even forflex… Although this is a completely different deal and always correct to make sure the numbers settle correctly, ability and experience Of the developer to implement the execution and also financing such a project is completely different.
Usually such a project can take about 30 months, you can look for a property that is RTI (after demolition and approved permits and approved architectural plan) and then the road is shorter but the entrepreneurial profit is smaller.
The name of the game in the singles flips is the speed and market value
Better minor and quick renovations are preferred
Instead of half year projects
Really dilapidated houses are often required to be demolished by the authorities and then you move on to a construction issue that is already a different branch from Flip
In the real estate industry
If you do not have experience in construction and development projects then it is better to stay away or do it with someone with experience.
In many cases, it is better to buy an empty space than to demolish an old house
The demolition cost will be several tens of thousands of dollars, Impact fees for the county or city will be several tens of thousands of dollars and then approximately $ 150-200 dollars per square foot of construction.
Refurbishment usually costs less.
But there are assets that are not worth renovating at all. 
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