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Updated over 7 years ago on . Most recent reply

User Stats

33
Posts
4
Votes
Bart Libsock
  • Investor
  • columbus, MT
4
Votes |
33
Posts

Turn subdivision lots into BRRR or multi's

Bart Libsock
  • Investor
  • columbus, MT
Posted

So I had the bright idea of subdividing 20 acres into 4 five acre lots, 4 years ago, thinking that after loans were paid off we would have some capital left to invest in rentals. Have sold one lot, deeply deeply discounted, getting impatient, have been actively looking for deals but how do you turn empty lots into cash for multi's or BRRR's. Still owe lender 110,000. We have about 15,000 in equity in the house we live in and about 80,000 in the subdivision.

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