Looking for help with creative financing

[Jason Hayman]

Hi just getting started in real estate I own a lot free and clear should I sell it use the cash to buy a rental property? Or build a home on it and sell it and make some money? Or put a modular home on it and rent it out?

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Originally posted by @Jason Hayman:

@Mike Hern thank you for the reply I'm wanting to purchase my first rental property this year.

How big is the lot?  What is the lot zoned for?

Is the lot flat or hilly - grass or rock?

Does the lot have water, electric and sewage? or will you need a septic? Does the ground perk?

Does the lot have a driveway?

Has anything previously been built on the lot?

Is the lot in town or more rural? Are there other houses around the lot? Are we talking a large city or a smal town or cornfields?