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Updated about 2 years ago,

User Stats

77
Posts
31
Votes
Sam Mathew
  • Real Estate Investor
  • Pembroke Pines, FL
31
Votes |
77
Posts

Highest and Best Use of Home and Land

Sam Mathew
  • Real Estate Investor
  • Pembroke Pines, FL
Posted

Hello Bigger Pocket Members,


I am trying to learn what potential options that I might have with a home and land that I purchased. 4k sq ft home on 5 acres in Ann Arbor, Michigan.  If possible, I would like to keep for the long term, generating maximum long term rent.

Current Options with the Home:

1) Rehab and Flip

2) Rehab and Rent (BRRRR)

3) Rehab and turn into Airbnb (never done this yet)

4) MOST PREFERRED: Obtain proposals to increase property value; add tiny homes and/or additional short-term rentals on the grounds.

Would you happen to know who I can work with to obtain ideas how best to maximize the land use and profitability of this project.  

Although a seasoned investor, I am trying to learn how to maximize the rental value of this property.  Please let me know if any advice.  

Thanks!