Updated almost 3 years ago on . Most recent reply
Sell Rental with Goal of Buying Land to Build
Hi all,
New to bigger pockets. I’m active duty and have a rental in Washington state. It listed last week and if we get anywhere near asking price, we would net $100k. We bought in 2019 and lived in it a year and a half before military force relocated us.
We bought a cabin in Virginia and has 3 acres. Wanting to buy and adjacent 13 acres as the owner wants to list and we would lose our privacy. Is there any strategy to do such a transaction, proceeds of rental sale, to buy undeveloped land with intent on building an Airbnb small cabin, that would safeguard our net?