BRRRR - Buy, Rehab, Rent, Refinance, Repeat
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 1 year ago,
First land deal sitting for a year sitting on the second R
I acquired my first land deal, had two lots. One with electrical transmission overhead line running over it. Thought it was enough space for a small short term rental far enough from the line, few miles to a college. But I didn't do any of the rehab. No driveway, no culvert, no meters, bare land that need some cleaning up, some timber, tried selling half the land. I guess I am answering my own question, but this was a stretch of time, that I didn't measure correctly and cash that wasn't available, which should have been measured too. I tried selling half of the 2 lots and keep one for small short term rental near the college, but it didn't sell. Which in my mind would have given me the cash to build the short term specialty rental, or short term rv parking, or like a tree house rental. The most up to date, is to sell both lots, .6 acre, and find another property within an hour of me to do my own rehabbing, clearing and grading. Any feedback welcomed.