Develop now instead or buy an already income producing property

[Paul Harb]

Good morning, I have been doing Property Management now for four and a half years in a great student neighborhood area and high rents. I could have the opportunity now for either by an already income-producing asset and raise the rent or buy land in the same area and build a 10 units building. During the phase where I Will be preparing the permits for the construction there could be a low rental income from renting some garage spaces where the land is (but really very low).

The latter solution will not generate income before at least 2 years and require a higher investment amount for the down payment and the construction loan. 

Any advice here on what investment to make now? 

Thanks in advance

[Don Konipol]

Depends on YOUR skill sets and interests.  Are you  a "developer" type or an "investor" type?.  Since nobody on this forum knows YOU, any answers you receive will actually be reflective of what the responder should do, not what you should do.