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Updated about 3 years ago on . Most recent reply

User Stats

22
Posts
16
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Dren Aguado
  • New to Real Estate
  • Gurnee, IL
16
Votes |
22
Posts

Opinions on Buying Land

Dren Aguado
  • New to Real Estate
  • Gurnee, IL
Posted

I'm still doing my research, but just want to get your opinions on the idea of buying land and building a house as a newbie.

Most Popular Reply

User Stats

39
Posts
10
Votes
Andrew T Bolton
  • Investor
  • Alabama
10
Votes |
39
Posts
Andrew T Bolton
  • Investor
  • Alabama
Replied

Really it depends on your goals. As someone with a lot of building experience, I can tell you there are some pros, but a lot of cons. Building from scratch gives you the ability to manage the design and possibly, if you do it right, you could own your property free and clear. The down side is mostly time constraint, and any unforeseen snags along the way could cost a lot more time and money. Again, it mostly depends on your goals. How fast do you want to scale? Do you have the funds to hire a descent contractor or are you doing the build yourself? I would start by answering those questions for yourself then plan accordingly.

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