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Updated over 2 years ago on .

User Stats

9
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2
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Bonita Woodbury
2
Votes |
9
Posts

Best use of plot?

Bonita Woodbury
Posted

Hi everyone! 

I am thinking about purchasing a plot of land .85 acres for a little less than $14K. There is a currently a trailer on it that needs to be removed. The county will actually remove and dispose of the trailer for free. I want to invest in land and think this is a pretty good price for the area and size, but I'm trying to decide on the best use of the land after I remove the trailer. It has a septic tank that will need maintenance. My initial idea was to rent the land as a trailer plot, but I'm not sure how/where to find a tenant. I'm open to any feedback or ideas. I'm still new to investing, and am looking to others with more experience to avoid making costly mistakes as much as possible.