Foreclosure rebuild process - Purchase, Finance, Construction

[Adam Diehl]

Hello BP,

I am doing some prelim work on purchasing a foreclosure prop in Grapevine Texas Historic District but this would require an almost complete rebuild. The house falls under historic designation, so some part of it must remain. I have never built a house and would love some info regarding what to look for when looking for a builder, I have found a few companies just by driving around the neighborhood, but am not sure what to look out for.

Also, I will potentially be financing this with a VA loan, but I don't see that they have builders loans. Any info would be appreciated.

Thanks,

Adam