When we last spoke he mentioned he had covid and his phone has been shut off, but he was planning to be at the house the next weekend with rent and all the late fees ready to go.

Southern border of the land is Wilson Creek (a large, well established, full time creek with old growth trees)Approx 1 acre of non-recoverable flood zone along length of creekTwo small ponds on the property, which can be filled in to utilizeSmall neighborhood to East of property line with utilities ready and available for project Currently a couple of older homes and barn structures on property (100% liveable and well maintained)Wilmeth Rd is currently expanding down the block to a 4 lane road which connects to Highway 75 in McKinneyLarge developments are underway within a 1/2 mile to 3 miles out radius<4 miles to Costco, ChickFilA, WholeFoods, Cinemark, major hospitalAT&T Fiber and Atmos Gas at front of propertyA water well can be run, if desired, or tap into the city's water (currently on city water and has large main at front of property)A CE firm has drawn up plans for a small, 12 home, 3/4 acres development.

Obviously, the best strategy would be to consult a real estate attorney when I'm ready.

As an asset, it will keep going up, but with your rate versus the current rates, refinancing isn't an option so you could only use a HELOC.Based only on what I read, I would hold onto it because it's a good asset in a high-appreciation market.

Hello , my name is Jay I’ve recently been reading and taking notes studying all about real estate rentals but came to a conclusion that it is something I am not all ready for just yet so I decided about doing land flipping or land for construction for new housing or developments so forth , but I hit a wall , which would be what type of bank account do I need ?

I am finally ready to take a plunge on my first investment.

You will know when that part is ready.2.

The property may well be ready for a spruce up and increased rates.

It sounds like you're ready to dive deeper into investing, and house hacking could be a great way to maximize your investment while keeping costs low.

Since retiring 7 years ago I’ve been fortunate to be able to take the time to really think about what future goals that I have for myself and my family and I'm now ready to embark on a new adventure in real estate.