Updated about 8 years ago on . Most recent reply
Property in low income area
I need some ideas that I can use to utilize property to either sell or improve the land. This property was purchased 10 years ago in a low income area of Southeast Kansas. Nothing has been done with the land and properties aren't exactly in high demand in this area so selling really isn't not an option. There are 6 lots included in this property but I'm not sure how big the lots are.
Am I crazy to think that we could possibly move trailer homes onto these lots or build small 1100 - 1200 SF basic homes to be rented out? I have always been a firm believer of location is king, but I don't have a choice of this location.
I am open to suggestions if anyone has ran across something similar.