Vacant lot advice for Cape Coral, FL

[Robert South]

Hi BP, I am new to this form so please be gentle! :) I bought 2 fresh water, southern exposure, canal lots in Cape Coral about 6 months from the peak of the last housing bubble in 2007. I still have them (sigh) but wonder what I should do with them. One is in the 2000 block of NW 6TH Terrace and the other is in the 700 block of NE 12TH St. My question is, should I build a house on one or both of them and then either sell them or rent them? I'm trying to turn these dogs into horses. If you have local knowledge of the area and could recommend a course of action I'd appreciate it! Thank you!

[Jordan Williamson]

Cape Coral is agreat to invest right now in my opinion. That being said, without knowing more about the numbers (price points, your financial position etc) as well as your experience as an investor it is goin to be hard to give any good advise.

My Blanket advise without the above would be to partner with a good builder and build a couple spec homes for resale. You donate land, he builds house and you split profit etc