HELP! Trying to figure out what to do with INHERITED LAND!

[Glenn Verley]

Hi BP community, my grandfather passed away and left my Dad (along with his 4 brothers) 32 acres of land in Orange County, NY. Most of my uncles want to sell the property and be done with it, but my Dad and I were thinking this could be an opportunity to start REI. They are open to being bought out of the property at $180,000, but that would have to be paid to the estate in a lump sum at closing.

I haven't been to the property, but the pictures show that there is a mobile home and 2 barns (all falling apart and need to be demolished). I was thinking we could put a new house on the property and either STR it or set up something like a hunting lodge.

This would be my first investment and I have no experience, so I know it would be a massive stretch.

Any thoughts?

Should my Dad just sell it along with my uncles, or should we buy them out and try to turn it into something?

Please help!!!

[John Underwood]

What is the land close to? What is it currently zoned for?

Could you partner with a developer to make a subdivision?

Could you make it a MH park?

Could you subdivide it into lots and sell the lots individually for more money?