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Updated almost 2 years ago on . Most recent reply

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BARE LAND INVESTMENTS?

Triston Blodgett
Posted

You got the answers , I got the questions! Starting out im scrolling through Zillow, and WOW! I can get 2 acres of bare land for 25K. Mountain views, 15/20 min from center of town, no septic tank needed. Plumbing and electrical ran to the property line. The land needs very little grading, maybe half dozen of boulders and trees removed. Rural area, check if zoning allows multiple homes on property or if multi family can be constructed. My thought , put concrete foundation (so unit can be financed) and place module homes down or even container homes down. Apply for USDA? construction loan?... that gets the foundation paid for and construction? correct me if im wrong...I would need a few thousand for down payment, closing costs and miscellaneous fees. WHAT AM I MISSING? CORECT ME IF IM WRONG! Than you for your time and knowledge!

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