What to do with two beach lots?
Hello all... Family has two beach lots located in Myrtle Beach, SC. I don't have all the details, but I believe the builder of the subdivision went bankrupt during the mortgage fiasco, so prices have been extremely deflated. I haven't seen the properties yet but hope to early next year. In the meantime, I'm trying to figure out what would be the best use of the property. They are residential lots, and from what my mom tells me, the subdivision has a very very fancy clubhouse with amenities etc. so it's not run-down or anything, but rather half developed I should think.
Contemplating building on it, either to keep and use as a vacation/rental home or sell later. Comments, thoughts? I have no idea where to begin.
Thanks!