Updated about 7 years ago on . Most recent reply
New to BP and hoping for advice on my plan with a plot
Hi everyone, I have a plot of land in the middle of Tulsa, OK that I'm hoping to sell and use to start my real estate investing journey. My goal is to own a B class property in Vancouver BC, San Diego CA, Miami FL and New York City and every 3 months, move and live in the different locations (Miami Jan-Mar then NYC April-June., Vancouver July-Sept and SD Oct-Dec). I would Airbnb the rooms when I wasn't in town.
I currently rent a place in San Diego and have a telecommuting job building websites. I estimate I'll get about $60k for the lot - it's a half acre in a nice, dense residential area. I have access to about $20K more in savings and family. What I am not sure about is:
- How do I best go about selling the lot in Tulsa?
- Is my plan crazy?
- If it isn't crazy, which city should I start with?
- Who are some folks I might want to reach out to in each city?
- What else am I missing?
And many more but I don't want to get ahead of myself. Thanks from a huge new BP fan!
Aaron
Most Popular Reply
Hi Aaron! A half acre in town should be pretty easy to sell, depending on what part of town. I can reach out to some other realtors and see who has a client looking to build, if you want to share the area or pm the address. Realistically, those are some pretty pricey cities on your list so buying might be tricky, but the plan sounds cool. I own and manage Airbnb property in Tulsa and it can be very lucrative. Let me know if I can help!