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Updated almost 11 years ago on . Most recent reply

User Stats

82
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35
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David Morgan
  • Rental Property Investor
  • Knoxville, TN
35
Votes |
82
Posts

Maryville, TN newb

David Morgan
  • Rental Property Investor
  • Knoxville, TN
Posted

Hi, I'm new to real estate investing. My wife and I just moved into a home we bought from HUD. Then we purchased the lot next door, which someone had used as collateral and was bank-owned. We got great deals on both. Now we want to create cash flow. We have the opportunity to buy a wooded lot on a cul-de-sac in Blount County very cheaply. A home site would need to be cleared. The problem is who to sell it to, and how long would we be sitting on it. Any ideas or suggestions as to what to do?

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