My first potential land rent deal, need help to start.
Hello investors, I have been researching and learning about real estate investing for a little while now. However, I've felt like i have to start saving for a long time before i get into my first deal because i don't have a track record in investing. Now i see a chance for me to do my first deal and get some experience. My father is very busy and he wants me to rent out most of his land for him to help him keep the property. I'm open to doing it and helping him out as well as getting some experience, but i don't know where to start and how this kind of thing would work. Is there a demand to rent land in Mendocino, California? If so what would be a fair price? How would i advertise? How would i screen potential renters to know if their reliable?
Any help to get me on the right track with this is greatly appreciated. Thanks, Nigel