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Land Flip to Dev Prop
How practical is acquiring land to dev mini home/1-2 Bedroom functional home?
40k prefab
20k electric and water hookup
10k land dev
100k 1-2 acre
Orrrrr
170k duplex with prefab home in back of yard
( section off drive into prefab and section off duplex yard)
rent duplex - live in prefab
then rezone property for appraisal of two property
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Quote from @Will Shoemaker:
How practical is acquiring land to dev mini home/1-2 Bedroom functional home?
40k prefab
20k electric and water hookup
10k land dev
100k 1-2 acre
Orrrrr
170k duplex with prefab home in back of yard
( section off drive into prefab and section off duplex yard)
rent duplex - live in prefab
then rezone property for appraisal of two property
If you still need help with this one:
Acquiring land for a mini home or functional home can be practical depending on your goals. The breakdown of costs you've provided is insightful. Both options have merit: the standalone approach allows for independence and customization, while the duplex route offers potential rental income. Consider your long-term plans and local zoning regulations carefully to make an informed decision.
Good luck!
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