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Updated almost 5 years ago on . Most recent reply

User Stats

7
Posts
1
Votes
Lee Griff
  • Investor
  • New Orleans
1
Votes |
7
Posts

What to do with free and clear land

Lee Griff
  • Investor
  • New Orleans
Posted

Greetings.  I have been behind the scenes for years and ready to take action..

I own a 60x80 lot that is mobile home friendly in an semi rural area..

I have been approved for a 50k line of credit (interest only) 15 years. Decent rates.


I want to do something that wont cost a bunch of money... so I was thinking about putting a mobile home there and rent it out... I would have to do the works, few loads of dirt to bring property higher than road, septic tank,  survey for city,  trailer pad with 2 parking spots.. ( probably asphalt)..

I do not have any other structures near me except 2 structures across the street. 1 was a trailer that was made into a house(looks nice) the other is a mobile home. Quiet area... nice neighbors...

My question is should I buy a new mobile home or a used with minor worked needed, or a cheap one that needs rehab??

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