Re: Building your own Rentals - Posted by Brandon
Posted by Brandon on September 11, 2003 at 21:06:54:
I have been interested in the same thing lately. I had one post about this same subject awnsered about a week ago. From what I can tell, it can be a viable investing technique, especially for the long term, and as long as you are sure that the conditions are right (whether the rental or the purchase market). I would do some studying though at your local city hall to find out what the attitude of your local municipality is towards building. Someplaces are looking for growth, and others try to throw every obstacle they can think of. I would look at those factors, amongst others before I jumped in to try and develop some land. Your area should have aplanning commision. My city’s planning commision posts their minutes on the internet, so I have been going through and seeing what applications are being approved and rejected, and I also got the fee schedules for permits etc. do your homework, and if you do, it apparently can be a good long term strategy. Good Luck.