Recently got a inheritance from a grandparents. Since I am 14 and am intrested in real estate I want to do something with it.
Here's what I got.
Main house (3 mil) could be renovated to be worth 6 mil but woukd require 1 mil in investment.
Plot in front of main house (1 mil) could be used to develop something but has no street access unless you go through the main house.
Single family home A (1.5 mil) would require 500k in investment and would go to 2.2 mil valuation. Tenant pays 2500 a month.
Single Family Home B (2 mil) Recently remodeled and has a tenant who pay 2500 a month.
Plus 1 mil in cash and stocks.
I want to either develop a apartment building or Buy more homes. What should I do?
Edit: This is in the bay area.
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source https://www.reddit.com/r/RealEstate/comments/1pkmg81/what_should_i_do/
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