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Updated 4 months ago,
Rental portfolio to land/house development
Hi
I have a portfolio of 6 sfh all paid which gives a steady income at great rate. For my next move I am debating should I keep doing what I do which is buy another rental ( since houses are bettered priced) or get a land and develop my own projects. I am confident in handling the construction as I have experience
What really matters to me is that are there margins in this market to make money from scratch up? Or would I be ok with another rental and enjoy the income..
Would like to know from people who did their own development and was it a game changer to their business profits?
location houston Texas