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Updated about 11 years ago on . Most recent reply

User Stats

631
Posts
186
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Tom Keith
  • Investor
  • Longview, TX
186
Votes |
631
Posts

First Deal Question for newbie

Tom Keith
  • Investor
  • Longview, TX
Posted

Hello Bigger Pockets Partners. I have a beginners question. I am working with a partner and we have a possible deal to purchase @ 2 acres of land with a relatively new double wide manufactured home in one corner of lot.

Our idea is to purchase this, if the numbers work out for the right price and get a tenant into home for cash flow. Then, we want to build multi family homes 2-3 family units on property. There is no concern for zoning and it is in a good area of our back yard.

The question is this; should we consider building multi family untis on our first deal?

Thanks So Much,

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