Rental Property Owner & Real Estate Investor Podcast

Recently I received the following email from RPOA member and podcast listener Maureen Weick: I have 1.5 acres of vacant land in northern Allegan County. I have been trying to decide what to do with it and would love to hear some opinions. These are my questions/thoughts - 1) Do I just sell outright as vacant land? ---Not a fan of this one - I will have capital gains to pay, unless I can manage the sale under a 1031 Exchange 2) Should I put a used double wide trailer there (this is rural lot) and rent it out? If I did that, should I put on a slab or a full basement? 3) Should I build a small home there and rent it out? Again, basement or slab? I hear it is quite expensive to build right now --but will that ever get any better.....? If this was your property what would you do? In order to answer these questions I asked Justin Workman to sit down with us and go over Maureen's options.  What followed was a lively discussion about 1031 Exchanges, building spec homes, buying mobile homes, and other possible options