Bought Land in 29 Palms!

[Jacqueline Carrington]

Myself and a few family members bought 2.75 acres (10 individual residential lots) in 29 Palms, CA. It is at the end of an already developed street and the back side of Joshua Tree National Park is essentially the end of the block.

What ideas could you share for the highest and best land use for this opportunity that we have? 

We have been informed that the military base there is expected to grow in the next 2 to 3 years.

Looking forward to your insight!

[Krystle Padilla]

Hi Jacqueline good to meet you! I live in that area and have met a few investors in the Joshua Tree/Twentynine Palms area. The base is great for multi-family homes and there is the Airbnb aspect being so close to the park, but read up on the local laws if you’re interested in that because in 29 Palms is stricter than Joshua Tree or Yucca Valley. Developmental wise multi-families are your best bet if building is the direction to want to go. I’ve seen some people try selling Some single family homes, but the developer made the lots too small and those homes sat in the market FOREVER because the area it was in had homes with larger lots. Another idea is hydroponic farming, I know this is a real estate investing forum but look up on setting up a hydroponic farm it can be very lucrative and may be cheaper to set up versus building. I hope this helps!