When Does it Make Sense to Tear Down a House? With 2 Case Studies

I have many people telling me I should tear down the houses I buy. I know many of them are a little rough. However, we almost never tear a property down. It does not make financial sense in most cases to tear a house down.

We have torn one house down but that was a property that was on a commercial lot where the lot was worth more without the house than with it. Even then it took quite a bit of money just to tear it down.

Not only do you have to pay to tear a house down but it usually costs much more to build a house from scratch than to repair a house that is already there. There may be some cases where it makes sense to tear a house down but it usually is in areas that have very high prices and you can build much larger homes to replace the old house.

You can see the house in the video when we first bought it here:    • Super Cheap House Flip Finished! Bought fo...  

You can see the house that we tore down here:    • House Tear Down! Time Lapse and Real time ...  
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Mark Ferguson’s purpose is to help as many people as he can become financially free through real estate.
Mark has been a real estate investor and real estate agent since 2001, after graduating from the University of Colorado. Mark has flipped over 200 houses and routinely flips 15 to 25 houses a year. Mark owns 190,000 square feet of rentals and is the managing broker and owner of Blue Steel Real Estate. Mark has also written 9 books that you can find on Amazon https://amzn.to/2VGI6a9
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