i have a lot of money saved...i am very new to this real estate investing stuff...but would like to get into it for the future...my current thing is....i own 20,000 sq ft land with 2 retail stores (convenience store which i own and operate & a small lawn mower shop)...the thing is....would it be BETTER to build another retail strip mall here (from starting from scratch) ORbuy a 4-unit multifamily place to rent out (to start getting CASHFLOW) in order to build a retail mall?

I 'm picking out the areas I want to own shopping plazas in from now!!!!

A lot of business are doing well - there are six coffee shops, four bars, and a ton of restaurants.

hello guys,my family owns a 20,000 sq ft land (where 3800 is being used for two old retail stores = convenience store + lawnmower shop)...i heard that we can use another 3200 sq ft (6000 sq ft MAXIMUM because 60% of the land needs to be used for parking) since we are NOT in downtown but are in a residential area....we are a CPD zone...something like commercial professional...so we can build commercial, office, or retail...but we do stay right next to a residential zone with SMALL houses..and some apartments near the area....70% caucasian city with median income 70,000 income.... i have 2 questions1) my 1st question is.....is it TOO RISKY to get rid of the two retail stores (because they're so old and ugly looking) and build a 2-story commercial 4 unit property to lease out to?

Once I get rolling I might shop for another accountant just to make sure my guy is on top of things.

When you find something you like they can do a real pull.There are at least two mortgage brokers on this site that I would check with if I was shopping for a loan.John Corey

If I can't get a flip in 30 days, I will shop for a lease-option tenant.

NNN, NNN single tennent. multi family (apartments), hotels, offfice buildings, shopping centers etc.

(side note: don't have kids with jerks with control problems, especially when they can come up with the funds to sue you as the great american judicial system has no qualification process for someone with a biological tie to come after your kids, even completely unfoundedly...and you will be forced to spend a GREAT deal of money to deal with that mess.

They turned up the friction and the investor folded up shop.