What would you do with 18 small houses on one street?

[Mat O'Grady]

Hello Everyone,

I recently came open 18 houses for sale on one street. They are all currently being rented out. They are all on separate deeds. There is also 22.5 acres of land. 

I was trying to come up with options of what do with it. Let your ideas fly. I don't care how crazy they sound.

Here is what I have thought of so far:

1. Continue renting them out forever.

2. Continue renting them out and fix the houses up one by one and try to sell them.

3. Continue renting them out and save or get a loan for building more houses on the property. 

4. Try to change the entire thing to some kind of condo association, sell the houses as condos and get money from the lot fees. 

5. Bulldoze them all and subdivide and sell lots.

6. Bulldoze them all and build houses and sell them.

What are your thoughts?

[JD Martin]

No way to answer without knowing the street, the condition of the homes, the local market for rentals & new builds, the access to capital you have, etc. Way too many variables.

What's your goal? Hold a bunch of rentals? Be a developer? Flipper?