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Updated about 10 years ago,
Land
I'm not sure if these forums are for questions about land or not but I thought I would ask a question about property that I'm involved with. An elderly lady with serious health issues has 20 acres with a house and farm (both in extremely poor condition and not livable). Part of the property, 8 acres she finally agreed to have me try to sell. The property is in Youngsville, LA in an area that has a market maturing but not yet fully matured to sell at prime commercial rates (lots of interest from residential developers). I listed it for 6 months at 1.6 Million with no firm offers and one serious inquiry. In 5 years this growing market will mature and this property will be very valuable in the opinion of most people. I'm trying to decide what to now do and thought I would ask for opinions for the objective I have of helping this sweet lady which is simply to have her live what life she has left given her stage 4 cancer, with enough money to so she can pay her bills. She literally has no money for even the most basic bills.
Does anyone have any creative thoughts on how to generate income from an 8 acre piece of farm land that joins a main road (330' frontage) in a growing area that everyone is watching that would provide income for her to pay for her treatment and pay bills?