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Lot advice
Posted on 4/13/14 at 4:26 pm
Posted on 4/13/14 at 4:26 pm
The wife and I are really wanting to pull the trigger on a lot but not build for a couple of years. What are financing options for those who have chosen to go this route? One thing we both came to realize is just how expensive lots are. The prices are only going up and seem to jump every year.
2
Posted on 4/13/14 at 4:28 pm to daviddsims
If possible, I would recommend putting a trailer on it and putting in all of the infrastructure for your future house as soon as possible. Renting the trailer to some well-screened tenants will net you some decent cash to help with the carrying costs and that trailer can always be sold and moved away once you're ready to build.
Posted on 4/13/14 at 6:33 pm to daviddsims
quote:
What are financing options for those who have chosen to go this route?
Finance the lot...pay it down a few years so you have some equity when you start building.
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