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Updated 14 days ago on . Most recent reply

User Stats

5
Posts
1
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Andy Taylor
  • Rental Property Investor
1
Votes |
5
Posts

Should I sell property as land or as homes?

Andy Taylor
  • Rental Property Investor
Posted

I started off with 3 houses on a lot and another house two lots down. Later I was able to buy the vacant lot between for a grand total of about 2.4 acres.

All the houses are in bad shape. I've torn one down and I've prepped another for demolition, but tearing down houses is crazy expensive. That leaves me with 2 houses, both rented but one of them needs to go too.

All this is close to the end of a dead end street. It's usually quiet even though the overall neighborhood isn't great. Across the street is a big embankment, so no houses or land, but there are several three story apartment buildings on that next street. 

Now I'd like to sell.

I originally wanted to put apartments or several houses, but not anymore, cuz I want to do more hiking, biking, and Netflix-ing, and less scheming.

So do I sell as a rental property or as land? I usually use a RE agent for sales, but I'm not sure how to pick one. 

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