Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago on . Most recent reply

User Stats

162
Posts
193
Votes
Steve S.
  • Investor
  • River City, Manitoba
193
Votes |
162
Posts

What's my next move or what would you do

Steve S.
  • Investor
  • River City, Manitoba
Posted

So my real estate agent put me onto this site a little while ago and I've been trying to read up on this site at least 3 nights a week. So far I like what I've seen.

Here's my current situation. I own one rental property. It's a single family residence approx 850 sq feet. However it's on a rather large lot. I think the city has the frontage listed between 90 and 110 feet. The house in one one side and there's a triple car garage next to it.

So my question to you.. What's my next move?

Should I:

A) look into rezoning the property creating two titles move the garage to the back of the property (with back lane access) and put another house onto the now 2nd parcel of land.  (There's one house just for sale down the block that is being sold , w/o the property and I could hire movers to move the whole house)

B) forget that project as there's too many costs and look into just picking up a BURRR through an auction or real estate listing this summer.

Earnestly awaiting your feedback...  if you need more details to make your decision please let me know

Loading replies...