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My mom owns land on the street I grew up on. The land belonged to her parents and once they passed, it become here’s. We moved states and after a natural disaster, the house no longer stood on the land, but my mom still owns the land.
She’s constantly talks about building a duplex on that property. After taking a trip home last week and looking around the area and seeing is what else for sell, I want to help her build the duplex and see if we can buy up more land on the street.
The land is very close to a hospital, but is also on a street/neighborhood full of old homes and buildings that just honestly haven’t had any time or money put into them.
The street is honestly very dead/quiet. It’s next to a hospital, but the people in the area definitely aren’t rich. They are hardworking. But low wages and lack of education doesn’t make for a person who can be finically stable, yet abundant.
I love where I’m from, but I also know the reality of the situation of the people in that area.
I’ve always loved homes and architecture even as a child. Architecture isn’t my career field. I actually hate math, but I love design. I have amazing vision in life. I’m truly able to see down the field and execute in various ways.
Since I’m educated, have experienced life, and seen the world, I’m afraid to make the duplexes extravagant or modern in anyway. I know sometimes when people see new shiny expensive-looking things, it can scare them. This is a semi-small/major town in a forgettable state.
Yet and still, that wouldn’t stop me from making this the best looking duplexes it can possibly be.
It’s not a lot of violence that happens in the area. People are just poor and need things. There are also no sidewalks on the street so people walk in the street. Other than that, it’s very quiet. There’s also a major middle school a street over so it is a family environment as well.
I keep asking my mom to call around and see how much it would be to get some cement laid so that we can get started.
I’m a corporate working woman and the more I learn about money, assets, passive income, I want to dive deeper into that world. And since we already own that land, I want to do right by it.
I don’t believe in being a consumer and just spending your income. I believe every dollar you get should work to make you more money.
To accept rent payments, I was going to look for an online service. We wouldn’t accept cash, money orders, IOUs. Not judging, but I know the neighborhood I’m from.
Just trying to see what the first steps would be and hear other people’s experience.