I'm wanting to determine whether to Rehab vs Build Anew

2 Replies

Hello everyone, I'm a newbie to real estate investing. I currently have a home sitting on a little over quarter acre of land. A leaking roof has caused considerable water damage to the floors and walls inside of the house. (Side Note: There's also an underground basement inside the house)

My Question: Would it be cost effective to rehab the current structure ( gutting the inside and fixing up the outside ) or to tear down the house and build a tiny home of one form of another in it's place?

Hi Courtney, I wish I knew the answer to your question. 

But I think you will get better responses in a more appropriate forum. 

You posted your question in the Not So Successful Stories forum, which are about deals that already went bad and the lessons learned. Not really to ask a question on what you should do on your current situation. I would recommend General Real Estate forum, or even one of the forums for your local area here at Bigger Pockets.

Good luck


I appreciate your assistance Mark. I'm very new here and thought maybe someone could share some not to do things regarding evaluating this matter. I have a clearer understanding of the forum now. 

Thanks again for your guidance!


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