Inherited Property - Strategy Question

[Sean Conroy]

Hi All,

I'm new to BiggerPockets and just getting my feet wet with real estate investing. I've recently inherited a property, which I'm not selling and currently renting. The property has enough land to potentially subdivide and build another 2 units (maybe 3 to 4 depending on size). Nothing is owed on the inherited property.

My question is, with the costs of building new still relatively high, would it be better to subdivide and build on the current property or use the equity of the inherited property to buy another separate income property?

Thanks and any help/insight is much appreciated!