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Updated about 2 years ago,
Highest and Best Use of Home and Land
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!