Hey everyone, I am getting very overwhelmed with how much needs to be done with buying and building on land. I am trying to gather as much information as I can about the process and know it will be a pain in the ass to do so, but it is my dream.
I have been saving every crumb in the couch to afford the land for cash and was wondering if I have any options to go about this. My credit score is about 750 and I have about 50% of the cash saved needed for purchasing around the price point I want. Are there other options to loan land and build at the same time? Any insight to this process would be great as I would ideally like to have more liquid cash and pay down a loan in the event of emergencies (not to say I wouldn't have an emergency fund, but the thought of having more helps.)
Thank you to everyone in advance for replying.
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source https://www.reddit.com/r/RealEstate/comments/qhpx5c/do_i_need_to_buy_land_100_in_cash_in_order_to/
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