What about buiding a multi-family property?

[Jessica Sandoval]

Dear All,

I have seen a property which is basically a piece of land with an old warehouse/storage on it. It belongs to an old lady who might be interested in selling it. The warehouse looks easy to demolish and the land could be used to build a triplex or quadruplex. I am really new in real estate but when I saw this property this idea came to my mind. Is building a property a good idea or do you guys prefer to buy existent property? Any other ideas of what can be done with this type of property? Thank you.