New to the investing part of real estate

[Ahsan Butt]

Hi, my name is Ahsan! I’m not exactly new to having tenants but I am new to the investing part. Let me elaborately that. I am 22 years old and I inherited 2 properties. Property #1 was a vacant building which I have leased out and is giving me pretty good cash flow. Property #2 is a 2.5 acre empty lot. It is a residential property so no business possible therefore I was looking for advise on how I should use my cash flow from property #1 to invest into property #2. An idea I had was to save some money and purchase a mobile home and put it on rent. And of course save the cash flow from that to purchase more mobile homes and so on and so on. Soon having my 2.5 acres filled. But I would like some advice from someone more experienced to guide me in the proper path.

[Thelmo Rego]

First you want to see if it’s even possible for you to put mobile homes and rent them. Most parts of the country are not allowing mobile home parks of any kind to be built anymore.