The real trick is buy raw land and building a house on it.
The problem? Banks never, EVER want to lend money for raw land. They just don't. I had to jump through hoops to get the land I bought - going to a bank specifically designed for it, and even then, they have a lower limit on acreage.
That gets into a whole other can of worms, because then, technically the bank is building a house on your land. As in, they can pause/stop construction by the simple method of cancelling the "drops" and not paying the contractors.
The real trick is buy raw land and building a house on it.
The problem? Banks never, EVER want to lend money for raw land. They just don't. I had to jump through hoops to get the land I bought - going to a bank specifically designed for it, and even then, they have a lower limit on acreage.
Shit is very, very fucked.
Gee, I wonder why bankers don't want White men to own land?
What if you pay cash for land and want a loan to build a house?
That gets into a whole other can of worms, because then, technically the bank is building a house on your land. As in, they can pause/stop construction by the simple method of cancelling the "drops" and not paying the contractors.