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Updated about 6 years ago,
I have a specific piece of land to develop, now what do I do?
Ok. I have 6-acre piece of land. I am hoping to get feedback from others who have success with any of the options.
Here are the attributes of the land:
4 acres cleared and is currently a pasture.
No Fencing.
2 spring fed creeks.
Local mountain views.
Zoned ag and cannot be divided up into less than 3 acres, or two subplots.
Currently valued at 100k.
Market considerations:
Located in Georgia's growing wine and apple country.
2018 has the lowest sales rate in homes for a long time - Unknown how this area is impacted.
Have tried to owner finance sell it. ALOT of yes' but no-one is getting to closing.
Several directions I am thinking I can do with this property.
1. Split it and put in two single-wide trailers and Owner Finance or rent them out.
2. Split it and put two in two double wides. Swap out the siding for Real wood siding for a log cabin feel. Install Porches.
OF, Rent or outright sell each.
3. Put in a modest log cabin that would sell all 6 acres for a homestead.
4. Split it and put in two log cabins 3-acre homesteads.
Thoughts?
Conceptually, I believe they would all generate the same amount of profit/effort. Which bodes the easiest and most successful option?