I could come up with a down payment for an investment property in a different state easier than my home state at prices are pretty high in the 300-400 k just for townhomes.

I am considering purchasing empty lots priced roughly $10-15K below market value.My plan is to offer owner financing for the land.These lots have water, drainage, and electric connections available, and mobile homes are permitted.The area is experiencing significant development, with the lots surrounded by new single-family homes.I would really appreciate any advice, feedback, or suggestions.Thank you It would help if you shared what you plan to buy them for other than just saying they’re 10 k to 15 K below market.List Price: $55KMy Offer: $45KPlanned Value Add:Install fenceBuild drivewayCreate a mobile home padExit Strategy:Sell via owner financingConsidering the option of adding a mobile home as wellIf you like this post, please consider voting!  

Quote from @Kristi K.: Quote from @Curtis Cutler: Hello all, I'm trying to rethink my retirement plans.

Quote from @Kristi K.: Quote from @Edward Toomey V:I’ve had rental properties for over 22 years.

@Steve K.

- You can buy using FHA 203(k) loan which allows you to finance repairs into the purchase mortgage.If you find you like being a landlord, you can BRRRR a property every year.You can also start BRRRing rentals w/o planning to live in them.

@Michael K Gallagher Any major cons I should look out for if I decide to house hack? 

GSE Reno Loan as in like a FHA203(k) or Fannie Mae Homestyle Renovation?

@Chris K.

I have some funds in my 401(k), and I'm considering whether I should cash out some of them to help with the purchase.