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Moving or building a house on my primary residence??
Good afternoon,
I am looking for creative ways to get my first real estate investing transaction going. When I bought my primary residence, we actually acquired 3 lots. I have called zoning and verified that I could indeed put another house on the property. I know i will have to deed out of my mortage loan to borrow money on the lot and any improvements i do. Has anyone ever done this before?
Should i look to build a little 2 by 1 or find an older house that can be moved. I would love to get some advice on what to do!
My end goal would be to have them both ready to sale when we move out of our house. the current house i own is not renter friendly in my town. Rents are between 450-600 for houses