Investor · Clearwater, FL · Member since 2025 · 214 posts · 74 votes
4mo
Hi, its hard to answer that question without underwriting. You need to consider the facrs like is it the best use of the land and how hard it is to get the zoning change and is it worth the time and money. On the other hahd, if you want to build or buy, how are you planning to finance?
Developer · Member since 2020 · 4k+ posts · 4k+ votes
4mo
OP way too many questions. Have to be more specific.
Isolated location?
Room for gardening?
How many houses or units?
How much money do you have? Don’t answer. How large do you want to grow? How fast?
Depending on your responses and situation I might respond a couple of ways. 1. You have $2mm. Buy 20 acres and hire a contractor. If you want done fast.
2. You have little money. Start with a Nasty property. Could be clean just not a lot of buyers want. Thus less competition. Say 10 acres with an old trailer or 1960 farm house on it. Most people will not want 10 acres. Most people won’t want to buy and then tear down if they want to build new. You could live there and start to build slowly.
3. Don’t needs as much isolation but want a lot of living units and large social/ cooking area. Buy a defunct rest home or flat roofed church. Daycare center. Or an old elementary building. Very few people will buy these. This your getting a lot of potential housing for the price. And usually more land. 4. You have to be careful in zoning and high property taxes and insurance.