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Updated 11 months ago on . Most recent reply

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Melvin Knight
  • New to Real Estate
  • Virginia
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Land Investing Tips and Tricks

Melvin Knight
  • New to Real Estate
  • Virginia
Posted

Hello all. I am new to the real estate investing community. I have a tract of land in Eastern NC that I own outright an am looking and different ways to maximize profit while maintaining the land. 

My current ideas that I have are:

Create a short term rental property on the land and list on air bnb which caters to those looking for a rural getaway experience.

RV Park

Creating a wedding venue. The revenue for this would be seasonal because it would be an outdoor wedding venue. 

Thanks in advance for any feedback from the community.


Most Popular Reply

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Stuart Udis
#3 Innovative Strategies Contributor
  • Attorney
  • Philadelphia
1,596
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Stuart Udis
#3 Innovative Strategies Contributor
  • Attorney
  • Philadelphia
Replied

@Melvin Knight Have you spoken with a civil engineer and land use/zoning attorney to verify the parcels development capabilities? I find it hard to believe a parcel has in-place zoning that would allow for an Airbnb use, RV park and a wedding venue. That would be some of the most permissable zoning I've ever seen! Therefore its best to understand what you can build by right and from there determine if there is a case to be made for zonign relief to increase the parcels development capabilties and value. 

  • Stuart Udis
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