I’ve inherited a property that was once used to rent mobile homes. There are four “lots” set up with all utilities, driveways, and now att fiber internet availability. Right now I have two of the four leased, only renting out the land. I’m considering building new construction rentals on the other two and work towards building more. There is seventeen total acres. I know of someone who built similar houses, in a worse location and area, that had them full before they finished and still are. I have gotten my figures and I can build finished move in ready for 58k, two bed one bath. Rent for 750-800. Based on all the info what would be some questions you would have or maybe things I haven’t thought of. Please let me know what you think.
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you