All Forum Posts by: Cody Simmons

@Abel Curiel

Thank you so much!!

@Rachel H.

Thank you so much!!

Hi, im a 29M in Macon GA, single father.

I own a piece of rural property (3.5acres) that I'm considering putting a mobile home on. I paid cash for at as a zero down seller financed deal when I first moved here and before I ever heard of rich dad or bigger pockets. Looks like it'll cost me about 150-180k to do a 1500-2000sqft doublewide on my land at zero down using Land in Lieu.

The school district is subpar, and the land is 45mins from my job (so is the school).

I think I can buy a house in a better school district closer to my job for about the same amount of money.

This is my first ever big purchase and I'm nervous, but my current living situation needs to change.

There are so many things for me to consider and i would love advice from someone who isn't trying to sell me something.

I have about 15k saved up that I can use for the purchase, but I don't want to spend too much and have to to work long hours to afford a house, thus sacrificing time with my kids.

I can sell the land for 20-40k but idk what benefit that would earn me other than money in anaccount.

Can anyone offer some advice or guidance?

Tldr: first time home buyer. Single father. 15k savings.

Build on my land? buy something else? Sell my land?

I have 3.5 acres of wooded land In a beautiful area in Central Georgia. 10 minutes from a high-school that just doubled in size, 25-30 minutes from 2 airports where lots of contractors go to work on aircraft.

It's a beautiful twisty curvy drive out to this very wooded lot. City water, power, needs septic tanks. Undeveloped except for a rough driveway.

I'm planning to build three 500sf furnished cabins and rent them out to contractors in the same way as renting to travel nurses. Not sure what the going rate is, but I was thinking about 250/week.

The land has been under contract for 42k, but the buyer backed out. I think the cabin could be a great investment, but I need funding.

I'm think a construction loan using the land value as collateral might work for the down payment? I'm thinking I could do everything for under 100k.

I have a list of companies to do the various needed improvements. I spoke with planning and zoning, they said to bring them a detailed proposal.

My question is:

What is the best way to get funding and get started with as little out of pocket as possible?

Thank you all in advance