I'm thinking/fantasizing about buying some land up in the north GA mountains to then use as a vacation rental (and for myself of course) but I have no clue what that would entail, especially at the start of the process.I have to imagine getting electric, plumbing, etc ran to the property would be a bit of a project, but I'm clueless as to how much so, and whether a project like that could work out as a good investment.If anyone who's ever done completely new construction in a remote area like that could offer their input and advice on how to get started approaching something like this, it would be much appreciated!

@Krystal KnoxThis is something you should work out with a good loan officer unless you want to put your financial status on a public forum.There is no "right" answer. 

Or should my dad, my uncle and I work out a partnership to just flip the property and sell it retail.

Or should my dad, my uncle and I work out a partnership to just flip the property and sell it retail.

Or should my dad, my uncle and I work out a partnership to just flip the property and sell it retail.

My loan officer did say they he could do a commercial loan for property, then work out a line of credit. however with interest rates what they are, i decided just to pay the fees and refinance, and lock in 30 years of low interest rates. 

And, how did it work out for you?

I would get a degree, try to do something in real estate immediately after college and if it doesn’t work out or you decide you need to save more cash first, then use your degree to get a great job and save the cash.

The biggest issue I have run across is trying to get FHA loans- but if the residential units are owner occupied, that passes a big hurdle.If the owner is in a good enough position to do so, the owner financing could work out well, since they actually know the property and you wouldn't have to go through standard bank underwriting.

Hi All,I live in Massachusetts and trying to work out a deal...