Hello friends. My mother made a very smart investment a little more than 10 years ago and bought a plot in an unzoned suburban area in Austin. She currently lives on the land in a mobile home and is having a hard time making ends meet.
Enter: me. I’m 23, just graduated college and want to make her some money on the land. However, I don’t have any to put down. Do y’all have any suggestions on how I can make her some money off the land? Perhaps through tinyhouse Airbnbs? I’d appreciate anybody who’s had experience with this kind of thing who can give me some insight about loans, etc.
Contact the county to confirm how many dwellings you can build on that acre and if any height limit. In Houston you can build 27 buildings at 25% coverage, meaning 400 sqft 1st floor, 800 sqft 2 story, 1200 sqft 3 story. It may be in Austin ETJ and more restrictive. If allowed, you can build 27 single family homes in the acre. You will need sufficient sewage disposal capacity. Single family homes will be more valuable than multi family. And it cost small to build 400 sqft one at a time.