Please help - Need advise on a potential deal
I am strongly considering purchasing 1/2 acre of land w/ an existing structure on it. The value is in the land. The strategy I am considering is to tear down the existing structure and rebuild w/ a 4 unit complex. However, I don't know where to begin with regard to establishing a valuation for the land, nor coming up w/ the cost to rebuild. I am also considering replacing w/ a pre-fabricated/manufactured 4 unit building. Is there any reason I should avoid pursuing the manufactured home route? Thanks in advance for the information!
Dennis