All Forum Posts by: Annette A.

@David Krulac i do like the idea of harvesting... the surveyer did say there is some good lumber in there. that would be the smart thing to do first. and as for the town- there is no lot size last i knew. I have an apointment tomorrow with the code office to see what i can and can't do.

I could build new construction goes like hot cakes in this town. the school, the taxes...  so yes there is deff a market for new houses.

@Scott Meyers probably not as there are many storage units in the area and its has a hill of a road that probably wouldnt be a good location... and there are so many units already near by. 

@Bryan O. yes the hospital is a big one. i hear there are alot of short term interns there too. .. needing housing. 

@Lucero Sanchez great idea. i like that idea. then there are no ties to it- and not having land lord stress.  

great one @Charlie Fizgerald. i like your thinking.  ( thats another business i have natural wild foods.) but that pc of land is all trees.

yes that is the question what would give the highest return? too many storage in area. Tell me what would you do. Its a country setting, 1 mile out from major city- near major hospital? most saught after town in area- properties go like hotcakes. 5 acre's- what would "you" do with it?

own outright 5 ac land, near large city (1 mile out), in a town with little zoning; can split the land every few years. Go. What would YOU do with it to make money? 

(admin: I dont know if this is posted in right catagory... if not please move it to right one. )

i am new here and just found this post. I am very interested in developing a piece of land I own. I own 5 ac. outright with a rough value of $42,000. It is located in a great town that new construction goes like hotcakes.  I believe last i knew, that there was little zoning, and that one can split up their land every so many years; so i could have two lots; or more if I hold and sell a pc every year that i can.  I am working on as to what might be my best avenue: build and hold four units for income; or split a piece of land, develop it and then sell it for a great Roi. I guess I am wondering what might be easier getting financing for? with no money down.

I have 5 acres near a major city in maine. I own it outright with a rough value of $42,ooo. I have been sitting on it for a few years and paying taxes, so it is costing me and not making money. 

My thought has been to sell it for the cash to be able to invest? Or as some know i posted that i wanted to build a 4 cabin short term housing unit.  i feeI building is a more profitable avenue, but i have a semi low credit score and no added income: but i can add my son to the business as he has a high paying job and better credit. 

I could with my son just build a spec house and sell it for a quick profit as this town places go like hotcakes.

so i have three option its, well 4- sit on it some more and keep losing money. :( 

what do you think? 

this is interesting. I am following this post as I am looking to develope 4 cabin units for this purpose of short term housing in Maine.