First Real Estate Investment

[Chad Forgue]

Hey everyone!

My name is Chad and I just acquired my first property on Sunday. I had a Jeep Wrangler I traded for a 5 acre property in the Southport area in FL.

I’m only 18 years old so this is all very new to me and would appreciate any advice anyone has to offer. Right now I’m debating between trying to sell the lot as it is to get some capital for other investments, or putting a mobile home on it to rent out. I received some quotes on getting the utilities and septic on it, and I’m looking at about $10k to get it going minus the $4k or so worth of timber I can have removed.

From here I still would need a mobile home, which I wouldn’t really have money left for after the utilities are setup, so if anyone has any advice on picking up a mobile home free or at a low cost it would be appreciated as well.