Do full rehabs or complete tear downs scare you ?

[Robert Collins]

I was wondering if  any other new investors get kinda a nervous feeling when you come across a property in a great area but it needs a full rehab or tear down ? Do you just ignore it & find another property to tackle, or do you go head on get right to it ? I guess if you have the team around you that can guide you & help you on how to turn it around would help in a big way, I guess my point of this is sometimes I’m looking on mls and I would see a mad house & I’m like I don’t think you could give that place away lol and maybe a year later I’ll get a notification because  always save those type of properties on Zillow that it’s been sold and I’ll look it up & see That it has been renovated very beautifully 

[Anthony Dooley]

Rehabs are necessary. The reason you get a big discount is because they need major repairs. Tear downs, no. Not in my market. It's cheaper to buy and fix than to tear down and rebuild. Area and Rents staying the same, it is not cost effective to tear down, so if it needs tear down, it's not for me.