Updated about 8 years ago on . Most recent reply
Land purchase for future home
I am looking at purchasing some raw land to build my home on. I'm looking at buying with cash from a personal lender then making a few improvements (running electric, water, building, pads, etc.) then approaching the bank for a construction loan and mortgage on the land and home. I am just trying to avoid having to pay a ridiculous amount down on the land. Any advice on if this is a good idea or not?